Description: If your farm business has fewer than 10 employees and needs financial support to jumpstart a project, a Rural Microentrepreneur Assistance Loan offered by USDA Rural Development may get you the funding you need. These loans with fixed interest rates can fund up to 75% of total project costs and are administered through accredited institutions called microenterprise development organizations (MDOs). Funds can be used for working capital needs, debt refinancing, purchasing equipment and supplies, and improving real estate.

Type of funding: Loan

Type of application: Information not currently available

Program focus area: Business/Marketing

Maximum award amount: $50,000

Average award amount: Information not currently available

Duration: Information not currently available

Deadline to apply: Continuous

Application acceptance rate: Information not currently available

How to apply: If you’re interested in this program, contact our team at: info@farmraise.us or set up some time with us during our free office hours to discuss next steps.