Amended Notice of Solicitation of Applications for the Rural Economic Development Loan and Grant Programs for Fiscal Year 2025 : On Nov 21, 2024 an Amendment was issued to Notice of Solicitation of Applications for the Rural Economic Development Loan and Grant Programs for Fiscal Year 2025. Link to Amended NOSA.
- Notice: This program is only open to current or former Rural Utilities Service Electric or Telecommunication borrowers and not-for-profit utilities eligible under the Rural Electrification Act.
What do these programs do?
- Current Rural Utilities Service (RUS), electric or telecommunication borrower,
- Any former RUS borrower that has repaid or prepaid an insured, direct or guaranteed loan under the Rural Electrification Act,
- Or any not-for-profit utility that is eligible to receive an insured or direct loan under such Act.
- Maximum Grant Amount: $300,000 to establish the Revolving Loan Fund.
- Up to 10 percent of grant funds may be applied toward operating expenses over the life of the Revolving Loan Fund.
- Maximum Loan Amount: $1 million.
- Business incubators.
- Community development assistance to nonprofits and public bodies (particularly for job creation or enhancement).
- Facilities and equipment to educate and train rural residents to help economic development.
- Facilities and equipment for medical care for rural residents.
- Start-up venture costs, including, but not limited to, financing fixed assets such as real estate, buildings, equipment, or working capital.
- Business expansion.
- Technical assistance.
• 10 years at zero percent interest.
• Grants require a 20 percent match from the local utility.
• Grants must be repaid to USDA upon termination of the Revolving Loan Fund.
- The interest rate is zero percent.
- Up to 80 percent of project costs; 20 percent must be provided by the ultimate recipient or the local utility.
- The local utility may incorporate interest rates or administrative loan fees after the funds have been loaned out and revolved once. First-time loans are at zero percent interest.
- Repayment may be deferred up to two years for projects including a start-up venture or Community Facilities project.
- Basic Program – Code of Federal Regulations, 7 CFR, Part 4280.
- Loan/Grant Servicing – Code of Federal Regulations, 7 CFR, Part 4280 and 2 CFR Part 200.
- These programs are authorized by the Rural Electrification Act of 1936.
NOTE: If state specific forms are not shown above, please ensure that your state is selected in the dropdown menu above to find the State Office contact information and speak to a Business Programs Specialist before attempting to fill out any forms or applications. This will save you valuable time in your application.
RBCS How-To Apply Video Series for Applicants
You may also access the Code of Federal Regulations, 7 CFR, Part 4280.
There are no additional requirements.
Northwest Washington – Island, King, San Juan, Skagit, Snohomish, and Whatcom counties
Meyett Lavalais
360-488-4842
Meyett.lavalais@usda.gov
Southwest Washington – Clallam, Clark, Cowlitz, Grays Harbor, Jefferson, Kitsap, Lewis, Mason, Pacific, Pierce, Skamania, Thurston, and Wahkiakum counties
Carlotta Donisi,
360-704-7724
carlotta.donisi@usda.gov
Lucas Moser
509-415-3819
lucas.moser@usda.gov
Northeastern Washington - Chelan, Douglas, Ferry, Lincoln, Okanogan, Pend Oreille, Stevens, & Spokane counties.
Hannah Fletcher
509-415-3819
hannah.fletcher@usda.gov
Southeastern Washington – Adams, Asotin, Benton, Columbia, Franklin, Garfield, Grant, Kittitas, Klickitat, Walla Walla, and Yakima counties.
Roni Baer
509-367-8565
veronica.baer@usda.gov