Sponsors
U.S. Department of Agriculture, USDA Rural Development
Deadlines
Applications accepted on an ongoing basis
Purpose
The Community Facilities Guaranteed Loan Program
guarantees loans from eligible private lenders to help
build essential community facilities in rural areas.
Funds can be used to purchase, construct, and/or improve
essential community facilities, purchase equipment, and
pay related project expenses.
Examples of essential community facilities include:
- Healthcare facilities and services
- Fire, rescue, and public safety facilities and
services - Community, public, social, educational, or cultural
facilities or services - Transportation facilities such as streets, bridges,
roads, ports, and airports - Certain utility projects when not eligible for Rural
Utilities Service financing, gas distribution systems,
recycling and transfer centers or stations - Telecommunications end-user equipment when related to
public safety, medical, or educational telecommunication
links when not eligible for Rural Utilities Service
financing - Water infrastructure facilities such as levees, dams,
reservoirs, inland waterways, canals, and irrigation
systems - Purchase and installation of renewable energy systems
for use by an essential community facility - Land acquisition and necessary site preparation
including access ways and utility extensions to and
throughout an industrial park site - Community parks, community activity centers, and
similar types of facilities
Eligibility
Private lenders may apply for a loan guarantee on loans
made to an eligible borrower that is unable to obtain the
needed commercial credit on reasonable terms without the
guarantee.
Eligible borrowers include:
- Public bodies
- Nonprofit organizations
- Federally recognized tribes
- Tribes on federal and state reservations
Eligible areas are rural areas with populations of 50,000
residents or less.
Geographic coverage
Nationwide
Amount of funding
Loan amounts vary, with a maximum amount of $100,000,000.
USDA will guarantee 80% of eligible loans.
Tagged as
Aging and aging-related services · Capital funding · Child care · Clinics · Community and economic development · Food security and nutrition · Healthcare facilities · Hospitals · Housing and homelessness · Human services · Infrastructure · Oral health · Schools
For complete information about funding programs, including your
application status, please contact funders directly. Summaries are provided
for your convenience only. RHIhub does not take part in application processes
or monitor application status.