USDA Rural Development Guaranteed Loan
The USDA Rural Development program guarantees business loans in rural areas (usually population 10,000 and under). The guarantee applies to loans; not
lines of credit. First, verify that your address is considered rural by the USDA by
clicking here. If it is, any bank can contact the USDA and request a guarantee.
Applicants must prepare a business plan to show that it is a viable commercial project.
The plan should show that the business will create rural jobs or make them more secure. For more information, visit
http://www.rurdev.usda.gov/IL_BusinessPrograms.html.
The local contact for this program is:
Rural Development Manager
Click here for contact information.