Įligible uses include (but are not limited to): Check eligible addresses for Business Programs.Projects may be funded in either rural or urban areas under the Local and Regional Food System Initiative.The lender may be located anywhere in the United States.The borrower’s headquarters may be based within a larger city, as long as the project is located in an eligible rural area.Rural areas not in a city or town with a population of more than 50,000 inhabitants. Private-entity borrowers must demonstrate that loan funds will remain in the U.S., and the facility being financed will primarily create new or save existing jobs for rural U.S.after being legally admitted for permanent residence. Individual borrowers must be citizens of the United States, or reside in the U.S.Individuals engaged or proposing to engage in a business.Who may qualify for these guaranteed loans? Other non-regulated lending institutions may be approved by the Agency under the criteria of the OneRD Guarantee Loan Initiative regulation. Farm Credit Banks with direct lending authority.This includes lenders that are subject to supervision and credit examination by the applicable agency of the United States or a State including: Lenders need the legal authority, financial strength, and sufficient experience to operate a successful lending program.
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