Economic Development

USDA 0% Interest Loans Available through Golden Belt Telephone for Rural Economic Development, Job Creation, and Community Facilities

Business start-up and expansion projects can apply for up to $740,000. Community development projects can apply for up to $300,000.

Eligible activities include:
• business start-up
• business expansion
• community development

Examples of activities not eligible include, but are not limited to:
• debt refinancing without an expansion
• speculative land purchases
• projects of residential nature
• transfer of ownership without expansion
• 100% working capital loans

Projects must demonstrate they are economically viable AND have job creation potential by providing:
• a business plan containing projected balance sheets, income statements, cash flow statements, and a market/feasibility study;
• a letter of intent from a lending institution to issue a “Declining Irrevocable Letter of Credit” ;
• at least 20% supplemental funding of the total project cost by applicant.

For more information, contact Kara Jecha at 800-432-7965 or via This email address is being protected from spambots. You need JavaScript enabled to view it.