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Rural Economic Development Loans (REDL)

Rural Economic Development Loans (REDL) provides zero-interest loans to electric and telephone utilities serving a rural area to promote sustainable rural economic development and job creation projects. Zero-interest loans will be provided to third-party recipients (private or public organizations having corporate and legal authority to incur debt) to finance projects that promote economic development and job creation in rural areas.

Funds can be used for:

  • Business expansions and business startups, including cost of buildings, equipment, machinery, land, site development, and working capital.
  • Community infrastructure necessary for economic development and job creation purposes.
  • Community facilities and services necessary for economic development and job creation purposes.
  • Medical facilities and equipment to provide medical care to rural residents.
  • Educational facilities and equipment to provide training and job enhancement skills to rural residents to facilitate economic development.
  • Business incubator projects to assist in developing emerging enterprises.

Loans cannot be used by the utility or the third-party recipient for:

  • Refinancing or paying off any existing debt owed by the third-party recipient.
  • Projects located in areas covered by the Coastal Barrier Resources Act or projects that would adversely impact the environment.
  • Projects that will be used for residential purposes or entertainment purposes at the residential level.
  • The purchase of an established business or operation or to primarily transfer property or real estate between owners without making substantial improvements or additions that will result in long-term job creation.
  • Projects that will result in the transfer of existing employment or business activities from one area to another.

For more information about the program, please contact the  USDA Rural Development Area Office nearest you. 

Rural Economic Development Grant

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USDA Rural Development is an Equal Opportunity Lender, Provider and Employer.

Complaints of Discrimination should be sent to:

USDA, Director, Office of Civil Rights, Washington D.C. 20250-9410

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 Last modified: June 15, 2009