Business and Industry CARES Act Loan Guarantee Program
This funding record is inactive. Please see the program website or contact the program sponsor to determine if this program is currently accepting applications or will open again in the future.
A USDA program for lenders to guarantee their loans to rural businesses and agricultural producers to supplement their working capital to prevent, prepare for, and respond to the economic impacts of COVID-19.
Eligible applicants include:
- Federal and state-chartered banks
- Savings and loans
- Farm credit banks
- Credit unions
Loans may be used to support entities located in eligible rural areas that were in operation on Feb. 15, 2020, including:
- For-profit businesses
- Nonprofit organizations
- Federally recognized Tribes
- Public bodies
Guarantees 90% of loans for a maximum term of 10 years.
Lenders interested in participating in the program should contact the USDA Rural Development Business Programs Director in the state where the project is located. Interested borrowers should ask about the program with their lender.
- USDA Rural Utilities Service, view details
- USDA Rural Development, view details
For complete information about funding programs, including your application status, please contact funders directly. Summaries are provided for your convenience only. RHIhub does not take part in application processes or monitor application status.