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Rural Business Investment Program: Rural Business Investment Company (RBIC) License

Sponsors
U.S. Department of Agriculture, USDA Rural Development
Deadlines
Applications accepted on an ongoing basis
Contact

David Chesnick
202.690.0433
David.Chesnick@wdc.usda.gov

Purpose

The Rural Business Investment Program provides a Rural Business Investment Company (RBIC) license to newly formed developmental capital organizations to help meet the equity capital investment needs in rural communities. Rural businesses will have access to work with RBICs to meet their capital needs.

Full details of the program are provided in the code of Federal Regulations.

Program fact sheet

Eligibility

Eligible applicants include newly formed for-profit entities, and subsidiaries of an entity.

All applicants:

  • Must have relevant experience in venture capital or community development financing
  • Must raise a minimum of $10,000,000 in private equity capital
  • May be structured as limited partnerships, limited liability companies, or corporations
Geographic coverage
Nationwide
Amount of funding

This is a licensing program. There is no funding associated with it.

Application process

Application instructions are provided in the code of Federal Regulations.

The program website requests that potential applicants contact David Chesnick before attempting to fill out any forms or applications.

Tagged as
Capital funding ยท Community and economic development



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.