Business and Industry - United States Department of Agriculture - Rural Development
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
Physical Address
375 Jackson Street, Suite 410, Saint Paul, MN 55101-1853
Hours
8 am - 4:30 pm Monday - Friday
Voice
Voice
Fax
(651)602-7824
Voice
(651)602-7834
Website
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.
Required documents
Application/intake form; photo ID
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
Service area
MN
Agency info
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.