Agricultural News
USDA Implements the OneRD Guarantee Loan Initiative; Encourages Private Investment in Rural Communities
Mon, 31 Aug 2020 14:09:33 CDT
United States Department of Agriculture (USDA) Deputy Under Secretary for Rural Development Bette Brand today announced that USDA is implementing the OneRD Guarantee Loan Initiative, releasing new information on rates and terms that will help lenders apply for loan guarantees to support rural businesses, infrastructure and community facilities and increase private investments in rural America.
"Under the leadership of President Trump, USDA is committed to cutting red tape and streamlining investment, so we can be a better partner to America's rural leaders in building prosperity." Brand said.
Ahead of Fiscal Year 2021, USDA is providing guarantee percentages, annual fees, periodic retention fees, and optional construction fees to help lenders apply for the Agency's four flagship loan guarantee programs. These programs are:
• Water and Waste Disposal Loan Guarantees Program;
• Community Facilities Guaranteed Loan Program;
• Business and Industry Guaranteed Loan Program; and
• Rural Energy for America Guaranteed Loan Program.
The fees in this notice are effective Oct. 1, 2020. Additional information is available in the Aug. 31, 2020, Federal Register (PDF, 203 KB).
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