Distance Learning And Telemedicine Direct Loan Program:
PURPOSE
The Distance
Learning & Telemedicine Direct Loan Program provides funds to develop and
distribute advanced telecommunication services throughout
ELIGIBILITY
Incorporated Entities
Municipal Corporation
Rural Schools, Libraries, & Health Care Clinics
Non-Profit & For-Profit Educational Institutions
Regional
Educational Laboratories, Libraries, Hospitals,
Rural Community Facilities & Other Organizations that Operate Educational & Health Care Facilities
FUND USE
Land acquisition
Purchase of vehicles
Purchase of terminal equipment
Purchase or construction of buildings
Purchase of audio and visual equipment
Site development and alteration of buildings
Purchase of computer hardware and software
Funding
educational broadcasting for distance learning purposes
Physician Consultation
Pay telecommunications or distance learning project operating costs during first two years of operation (limited)
Acquisition of telecommunications transmission facilities provided no facilities exist
Purchase of medical equipment such as radiology machines, X – Ray Scanners, Digital Microscopes
Equipment for Classrooms: cameras, video monitors, computers, & Local Area Networks (LAN)
RATES
Interest rates are calculated by using the Yields on Treasury Securities Index at the Constant Maturity reading
Applicants can access the appropriate interest rate for a given loan term under the heading “Treasury Constant Maturities” at http://www.federalreserve.gov/releases/H15/update
TERMS OF REPAYMENT
10 year maximum
maturity on all loans
RESTRICTIONS
Rural areas, towns, municipalities, & cities
APPLY TODAY
To get started
building your future today, contact your Local Area Office
to fill out an application packet and begin the approval process.