New USDA Loan Guarantee Program

  • On May 28, 2020
  • CARES Act, Loan, Loan Program, Rural, Rural Business, Seed, Seed Industry, USDA

USDA is making $1 billion in loan guarantees available to help rural businesses meet working capital needs. The guarantees apply to loans disbursed through the Business & Industry CARES Act program and is available to rural businesses and producers who do not qualify for Farm Service Agency loans.

To learn more about the program and who qualifies, visit the USDA Press Release and the USDA Rural Development website. Applications are due June 22.

USDA is hosting a webinar for external stakeholders on June 3 at 2:00 p.m. EST to provide an overview of the Business and Industry Loan Guarantee CARES Act Program requirements. To register, click here.