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News Brief

March 12, 2012MARYVILLE, MO |  By: Wayman

Rural Loans

Rural businesses can now dip into a new round of funding from the USDA.

The rural economic development program is ready to accept applications for grants and loans totaling nearly 90 million dollars. Regional utility companies and co-ops receive the money, then pass the funds to local organizations looking for capital to spark rural business and economic development. The two goals of the program are to either retain or create jobs, or upgrade public infrastructure. The maximum amount of funding per project is a million dollars for loans, or $300,000 for grants. Application information and deadlines are on the USDA rural development web site.