| USDA Rural Development Program |
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| TARGET USER: |
Small
to medium-sized businesses and industries for start up or expansion of
existing projects up to $10,000,000.
Preference is given to projects that improve employment and economic
conditions in rural communities and towns with a population of less than
50,000. |
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| LOAN TYPES: |
Loans
may be made up to 30 years on land, buildings, and permanent fixtures; up to
15 years on machinery and equipment; and up to seven years for working
capital. Rates can be fixed. |
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| ADVANTAGES: |
Source
of large start up or expansion capital for companies that may not fit into
traditional lending guidelines. |
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| WHO’S
NOT ELIGIBLE: |
Churches,
golf courses, race tracks, gambling establishments, agricultural production. |
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| HOW TO APPLY: |
Contact Rural Development Headquarters at: |
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| Florida Rural Development |
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| US Department of Agriculture |
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| 4440 NW 25th Place |
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| Gainesville, FL 32606 |
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| Phone: (352) 338-3482 |
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| Fax: (352) 338-3450 |
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| Website: www.rurdev.usda.gov/fl |
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| Source: U.S. Dept. of Agriculture |
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