Rural Economic Development Loan & Grant
The Rural Economic Development Loan & Grant (REDLG) program provides zero percent interest rate
loans or grants to rural telephone and electric cooperatives for economic development projects in rural areas.
Like the IRP, the REDLG applications go through a nationwide competition for funding. The maximum amount of loan or
grant assistance is established each fiscal year. In years past, the maximum loan was $450,000 and the maximum grant
was $340,000.
The cooperatives use the grant funding to establish revolving loan programs or provide technical assistance to local
business or community projects.
The cooperatives use the zero interest loan to re-loan to a business or other economic development project.
The terms on the re-loaned funds are zero percent interest and 10 years repayment.
For more information on this or any program offered by Rural Development, please contact your
nearest Area Office.
| Application Materials |
|---|
| REDLG Program Regulation (7 CFR 1703) |
| REDLG Application Checklist |
| REDLG Application (Standard Form 424) |
| Non-Construction: SF 424-A SF 424-B |
| Environmental Form RD 1940-20 |
| EEO Form RD 400-1 |
| Assurance Form RD 400-4 |
| Debarment Form AD 1047 |
| DUNS # |
| Note: some documents require Adobe Reader |
