USDA improving access to rural loans
July 14, 2020 By Nicole Heslip Filed Under: News, USDA
USDA is working to increase private investment in rural
areas by easing lender access to programs.
The agency is asking for public comment on regulatory reforms as part of the OneRD Guarantee Loan Initiative.
The initiative simplifies the lending process and makes one
platform for the Water and Waste Disposal Loan Guarantees Program, Community
Facilities Guaranteed Loan Program, Business and Industry Guaranteed Loan
Program, and Rural Energy for America Guaranteed Loan Program.
Ag Secretary Sonny Perdue says the enhancements make it
easier for private lenders to use USDA programs to invest in rural businesses
and rural economic development.
A series of listening sessions will also take place this summer
for feedback on the changes.
Your email address will not be published.
Subscribe for our newsletter today and receive relevant news straight to your inbox!