Business and Industry - United States Department of Agriculture - Rural Development
Resource Name:Business and Industry - United States Department of Agriculture - Rural Development
address
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
Application process
Call or visit website to apply. Business and industry loan applications must be made through the state office.
Fees
None
Service area
MN
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.