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The OneRD Guaranteed Loan Program provides loan guarantees to support Community Facilities, Water and Waste Disposal, Business and Industry, and Rural Energy for America projects. The program aims to strengthen oversight and management of these portfolios by updating policy and procedures. A recent correction to the final rule addresses an incorrect definition of 'affiliate' and the erroneous removal of a section and sentence.
🏦 Loan
Detailed Project Plan
National
Loan Purposes
Community Facilities
Water and Waste Disposal
Business and Industry
Rural Energy for America
Eligibility
Eligibility is determined based on the nature of the project and the applicant's compliance with USDA policies. Applicants must meet the requirements for the specific loan category (Community Facilities, Water and Waste Disposal, Business and Industry, or Rural Energy for America). Projects must serve rural areas and align with the goals of the respective loan programs. Non-eligible items include projects that do not meet rural area criteria or fall outside the scope of the program's purposes.
Terms
Loan terms vary depending on the specific category and project type. Interest rates and repayment periods are determined in accordance with USDA regulations and standard loan practices. Down payment requirements may apply based on the applicant's creditworthiness and the type of project.
Application Instructions
Applications must be submitted to the appropriate USDA Rural Development agency (Rural Business-Cooperative Service, Rural Housing Service, or Rural Utilities Service) in accordance with their guidelines. Detailed instructions for submission are available on the USDA Rural Development website. Deadlines may vary depending on the specific loan category and funding availability.
Tags
InfrastructureWater QualityAlternative EnergyHousing
Details
Financial InstrumentLoan
Application DifficultyDetailed Project Plan
OrganizationAgriculture Department, Rural Utilities Service, Rural Housing Service, Rural Business-Cooperative Service