USDA has eliminated unnecessary regulations to increase private investment in rural businesses and economic development projects and to improve customer service within four flagship loan guarantee programs. The Agency implemented a standard set of requirements, processes and forms for these programs. Only lenders are eligible to apply. The programs are:
This notice provides applicants with the guarantee fee rates, the guarantee percentage for secured loans, the periodic retention fee, and the fee for issuance of the secured loan note before the completion of construction for the fiscal year (FY) 2024, which will be used when applying for guaranteed loans. under the types of secured loans listed above.
This part contains regulations for Community Facilities, Water and Waste Disposal, Business and Industry, and Rural Energy for America Program loans guaranteed by the Agency and applies to lenders, holders, borrowers, and other parties involved in the manufacturing, warranty, possession and maintenance. and pay off said loans.
This notice provides applicants with the Guarantee Fee rates, Guarantee percentage for Guaranteed Loans, the Periodic Retention Fee, and Fee for Issuance of the Loan Note Guarantee Prior to Construction Completion for Fiscal Year (FY) 2025, to be used when applying for guaranteed loans under the guaranteed loan types listed above.
FY 2024 Annual Notice of Fees and Warranty Fees
Ahead of fiscal year 2024, USDA published guarantee fees and percentages that will apply to four critical loan guarantee programs to support investments in rural businesses, infrastructure, and community development. The rates in this notice are effective October 1, 2023.
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Fiscal year 2024 obligations, remaining balances, and number of applications to date by program. Updated - September 25, 2024
Program | Money | Funds obligated to date | Funding status - Remaining balances | Total Pending Loan Amounts |
---|---|---|---|---|
Business & Industry Guaranteed Loan Program 3% & 1% | $1,831,185,356.00 | $1,726,642,790 | $104,542,566 | $1,105,427,926 |
Rural Energy for America Guaranteed Loan Program | $1,050,000,000.00 | $405,685,536 | $644,314,464 | $289,870,888 |
Community Facilities Guaranteed Loan Program | $197,080,000.00 | $32,270,000.00 | $164,810,000.00 | $87,271,000.00 |
Guaranteed Loan Program for Water and Waste Disposal | $50,000,000.00 | $1,086,263.00 | $48,913,737.00 | $2,112,000.00 |
FY 2025 Annual Notice of Fees and Warranty Fees
Ahead of fiscal year 2025, USDA published guarantee fees and percentages that will apply to four critical loan guarantee programs to support investments in rural businesses, infrastructure, and community development. The rates in this notice are effective October 1, 2024.
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As USDA's four flagship secured loan programs are streamlined under the OneRD Secured Loan Initiative, a core team of program experts is available to help you prepare for the new policies and procedures included in the final rule.
Lenders can send questions to OneRDGuarantee@usda.gov .
USDA assists agencies, personnel offices, award recipients, and subrecipients by providing information on the requirements of the Build America, Buy America Act (BABAA), guidance documents on the waiver and comment process, and a list of exemptions. published.
The Agency is making resources available to help lenders begin their applications for programs under the OneRD Guarantee Loan Initiative. Resources will be added to this website as they become available. Learn more about each resource below:
To apply for programs under this initiative, lenders are encouraged to complete the following steps:
Submit Applications Online – Unregulated Lenders Seeking Approved Status
All unregulated lenders must apply for approval status with the Agency to participate in programs under the OneRD Guarantee Loan Initiative. All lender approval authority previously granted is no longer valid. Rural Development has created a portal to upload all your documents to request approval status. To use this portal, complete the following steps:
For more information on eligibility and approval requirements, review the final rule.
Lenders who are unable to submit their application package through this portal may contact OneRDlenderapproval@usda.gov for assistance.
Ahead of fiscal year 2024, USDA published guarantee rates and percentages that will apply to four critical loan guarantee programs to support investments in rural businesses, infrastructure, and community development. The rates in this notice are effective October 1, 2023.
Rates and percentages for each program are listed below:
Instructions
Sample documents
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Ahead of fiscal year 2025, USDA published guarantee rates and percentages that will apply to four critical loan guarantee programs to support investments in rural businesses, infrastructure, and community development. The rates in this notice are effective October 1, 2024.
Rates and percentages for each program are listed below:
Commercial and Industrial Loan Guarantee Program
Guaranteed Loan Program for Water and Waste Disposal
Community Facilities Guaranteed Loan Program
Rural Energy for America Guaranteed Loan Program
Below are the frequently asked questions we have addressed. This list will grow as new questions are asked and answers are given.
Q: What programs are included in the OneRD Guarantee Loan Initiative?
Q: What are the main changes in this final rule?
Q: When did the rule changes go into effect?
Q: Who do I contact for more information?
Q: Will this regulation affect my collateral loan application for fiscal year 2020?
Q: When did the application windows open for the four OneRD Guaranteed Loan Initiative programs?
Q: When will forms and other materials to help me apply for loan guarantee programs under this initiative be available?
Q: Will USDA provide training to lenders to help them prepare for the new policies and procedures under the OneRD Guaranteed Loan Initiative?
Where can lenders apply?
Can lenders pay brokers for referrals or packages under the regulation?
What are the Agency's credit evaluation standards for lenders under this initiative?
How can lenders obtain approval to participate in programs under the OneRD Guaranteed Loan Initiative?
Is interim financing an option with OneRD guarantee?
Q: What are the eligible uses for a OneRD secured loan?
Q: What are the loan requirements for a loan guarantee under this initiative?
Q: What warranty is required?
Q: Can OneRD Guarantee Loan Initiative programs be used to finance construction?
Q: How much capital is required for new businesses and existing businesses?
Q: Are there feasibility study requirements?
Q: What fees are associated with the OneRD Guarantee Loan Initiative?
Q: What is the maximum loan guarantee amount for the initiative programs?
Q: Does this regulation apply to the CARES Act Program for Business and Industry?
Q: Does this regulation apply to the CARES Act Program for Business and Industry?
Q: How should multistate lenders submit B&I CARES Act loan applications?
Q: How should state lenders submit applications for B&I CARES Act loans?
Q: Are Rural Energy for America Program (REAP) grants affected by the OneRD Guarantee Loan Initiative?
Below are resources including presentations, fact sheets, and other informational documents.