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Business and Industry - United States Department of Agriculture - Rural Development

375 Jackson Street, Suite 410, Saint Paul, MN 55101-1853

Eligibility

Open to all businesses, non-profits, cooperatives, federally recognized Tribes, public bodies, and individuals engaged in or proposing to engage in business in rural Minnesota

Required documents

Application/intake form photo ID

Hours

8 am - 4:30 pm Monday - Friday
https://www.rd.usda.gov/programs-services/business-programs/business-industry-loan-guarantees/mn

Application process

Call or visit website to apply. Business and industry loan applications must be made through the state office.

Service area

MN

Other Information

Program Fees

No Fee

Description

The program provides financial backing for rural businesses. Provides loans with the following requirements: - Applications from lenders for businesses - For rural areas or in communities of under 50,000 population only - Funds can help finance businesses, expand business, repair, modernize, develop land, purchase equipment, machinery, supplies, inventory, refinance under certain conditions, or prevent businesses from closing - Lender furnishes funding

Last Assured

08/30/2024

Providing organization

United States Department of Agriculture - Rural Development

USDA Rural Development serves as the lead federal entity for rural development needs and administers program assistance through three agencies: Rural Housing Service, Rural Business-Cooperative Service, and Rural Utilities Service.