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RD Community Programs Guaranteed Loan Program « Back to Search Results
RD Community Programs Guaranteed Loan Program

Category: Federal Incentives, Grants & Loans

AGENCY: U.S. Department of Agriculture (USDA) Rural Development (RD), Rural Utility Service
DESCRIPTION: USDA Rural Development guaranteed loans made by lenders to finance the development of water and waste disposal systems, and other essential community facilities in rural areas.
• Water and waste disposal include: water treatment and distribution; sewage collection and treatment; solid waste collection, disposal and recycling; and storm drainage.
• Community facilities include: public safety buildings and equipment; health care; public service buildings (schools, community buildings and courthouses); public infrastructure; and industrial parks and airports.
• Maximum Program Benefits: Up to 90%; no limit on loan size.
• Equity: Based on the lender's requirements.
• Maturities: A maximum of 40 years, or useful life of the security.
• Rates: Fixed or variable, and negotiable.
• Fees: A guarantee fee of 2% of the guaranteed portion of the loan. 
• Guarantees for water and waste disposal systems are available for towns of up to 10,000 in population and community facilities for communities of up to 50,000 in population.
• Rural Development Homepage:

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Greater Gallup Economic Development Corporation | 102 W. Hill Avenue, PO Box 1795 | Gallup, NM  87301
Phone (505) 722-2980 | Fax (505) 722-2987