NEVADA

Community Facilities Guaranteed Loan
(CF Guarantee)

Purpose: What is the Program's Goal?
Provide an incentive for commercial lending that will develop essential community facilities.

Program Type: How does it work?
USDA Rural Development guarantees loans made by banks.

Eligible Applicants: Who can apply?
Banks and other commercial lenders who make loans to non-profits, Tribes, and public bodies (e.g., cities or counties).

Eligible Areas:
Unincorporated rural areas, cities, and towns with populations of 20,000 or less.

Authorized Purposes: What can funds be used for?
Guaranteed loans can be used for real estate and equipment. Types of projects include clinics, shelters, public buildings, day care centers, fire stations, and fire trucks.

Typical Amount of Assistance:
$100,000 -$2 million.

Rates & Terms (rates subject to change):
Negotiated between borrower and lender. Fixed or variable rates.

Key to Success:
Lender-driven: there must be a bank willing to make the loan (USDA Rural Development only guarantees the loan).

When to Apply:
Year-round

Who to Contact:
Local banks or USDA Rural Development State Office

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USDA Rural Development National Web Site