|
|
|
Economic Development
> Rural Development Zero Interest Loan Program
|
<< Return
|
Rural Development Zero Interest Loan Program
|
In most cases, community projects slated for Rural Development financing – sewer systems, water treatment plants and other construction projects—need interim financing before receiving permanent financing from the U. S. Department of Agriculture Rural Development. The LPFA Rural Development Zero Interest Loan Program provides up to 20 percent of those interim funds at zero percent interest, in partnership with local financial institutions which provide the remainder of the financing. Since the program's inception in 2000, rural entities and communities have borrowed over $10 million and saved more than $252,635 in interest costs.
|
|
|
|
|
