Intermediary Relending Program

Intermediary Relending Program money is lent to private non-profit corporations, any state or local government, an Indian Tribe, or a cooperative which in turn is re-lent by the intermediary to the ultimate recipients. The ultimate recipient must be unable to obtain credit elsewhere at reasonable rates and terms.

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Program Details
More Information and How to Apply

Program Details

Eligibility:

Intermediaries (or borrowers) are private non-profit corporations, any state or local government, an Indian Tribe, or a cooperative. The service area must be under 25,000 in population.

Funding:

Maximum Rural Development funding is $2 million per intermediary. Maximum loan to any ultimate recipient is $150,000.

Terms:

Maximum term is 30 years.

Interest:

Rates to intermediaries are 1%. Rates to ultimate recipients negotiable; lower rates are encouraged.

Collateral:

Real or personal property or pledged securities of intermediary or ultimate recipient.

More Information and How to Apply

More Info:

More information about this program can be found in the Intermediary Relending Program Brochure.

Applying:

Contact our State Office for more information.