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Loan repayment terms may not be longer than the useful life of the facility, state statutes, the applicants authority, or a maximum of 40 years, whichever is less; Interest rates are set by Rural Development, contact us for details and current rates; Once the loan is approved, the interest rate is fixed for the entire term of the loan, and is ...
Why does USDA Rural Development do this? The purpose of the Intermediary Relending Program is to alleviate poverty and increase economic activity and employment in rural communities. Under this program, loans are provided to local organizations (intermediaries) for the establishment of revolving loan funds.