American Rescue Plan Act – Section 603

American Rescue Plan Act – Section 603

The American Rescue Plan Act § 602 provides a total of $350 billion to eligible states, territories, and tribal governments. Funds are available until 2024 and are to be used for “necessary investments” in “water, sewer, broadband infrastructure.” Of that $350 billion, the total allocated to Missouri is $5.475 billion (combining the allocations at the…

Public Entity Loan Program

Public Entity Loan Program

The Public Entity Loan Program provides loans to local governments to finance general public infrastructure improvements and economic development projects. Loans are individually structured tax-exempt revenue bonds tailored to meet the needs of each public entity. The loans may be secured (sale/leaseback) or unsecured depending upon the credit strength of the public entity and the…

ReConnect Program

ReConnect Program

The ReConnect Program offers unique federal financing and funding options in the form of loans, grants, and loan/grant combinations to facilitate broadband deployment in areas of rural America that don’t currently have sufficient access to broadband, defined by the law as 10 Mbps (megabits per second) downstream and 1 Mbps upstream. This program will generate…

Business and Industry Loan Guarantees

Business and Industry Loan Guarantees

This program offers loan guarantees to lenders for their loans to rural businesses. Lenders need the legal authority, financial strength, and sufficient experience to operate a successful lending program. This includes lenders that are subject to supervision and credit examination by the applicable agency of the United States or a State including: Federal and State-chartered…

Community Facilities Guaranteed Loan Program

Community Facilities Guaranteed Loan Program

This program provides loan guarantees to eligible lenders to develop essential community facilities in rural areas. An essential community facility is defined as a public improvement, operated on a non-profit basis, needed for the orderly development of a rural community where the rural community is a city or town, or its equivalent county or multi-county…

Telecommunications Infrastructure Loans & Loan Guarantees

Telecommunications Infrastructure Loans & Loan Guarantees

This program offers financial assistance to eligible broadband providers that will construct, improve, or expand telecommunication and broadband networks in rural areas. There are three types of available loans: Cost-of-Money loans are direct loans from USDA Rural Utilities Service; Loan Guarantees through the Federal Financing Bank (FFB); Hardship loans from the USDA Rural Utilities Service….

Rural Economic Development Loan & Grant Program

Rural Economic Development Loan & Grant Program

The Rural Economic Development Loan (REDL) and Grant (REDG) programs provide funding to rural projects through local utility organizations. Under the REDLoan program, USDA provides zero interest loans to local utilities, which they, in turn, pass through to local businesses (ultimate recipients), for projects that will create and retain employment in rural areas. The ultimate…