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Maine
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Cooperative Services

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OBJECTIVE:

The objective of the Cooperative Services Program is to help rural residents form new cooperative businesses and improve the operations of existing cooperatives.

AREAS SERVED:

Rural communities with 25,000 or less population

COOPERATIVE DEVELOPMENT ASSISTANCE:

          For a library of resources visit http://www.rurdev.usda.gov/rbs/coops/csdir.htm

RATES AND TERMS:

Maximum loan of $10 million per borrower

Working capital repayment term -- 7 years

Machinery and equipment repayment term -- 15 years

Real estate repayment term -- 30 years

SECURITY:

All collateral must secure the entire loan.   Repayment must be reasonably assured.  Personal and corporate guarantees are required.  A qualified appraisal report is required on property that will serve as collateral.

 

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 Click here to obtain more information on our cooperative assistance programs, or to request an application.

 If you would like to review USDA Regulations, Procedures, Notices, RD Forms, or RD Handbooks, Click Here.

 

Return to Business Programs.

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