Community Development Banking List
03-15-2010, 11:08 AM
Original message from: jeff.deiss@or.usda.gov
You may have seen an email or letter alerting lenders that funding for a "USDA Rural Development Guaranteed Loan Program" could be exhausted by April. This communication related strictly to RD's SINGLE FAMILY HOUSING guaranteed loan program.
It does NOT apply to the B&I (Business & Industry) guaranteed loan program. Well over $1.5 BILLION of B&I authority is still available, much of it through the Recovery Act which makes 90% guarantees and reduced fees available for business lenders. There is also ample guaranteed funding for all of RD's other guaranteed loan products such as Community Facilities (CF) and Rural Energy (REAP).
So please don't be confused. In Oregon and nationwide, USDA is ready, willing and able to assist you with rural business loan guarantees through the B&I program.
jeff
Jeff Deiss, Business & Cooperative Program Director
USDA Rural Development, Oregon State Office
1201 NE Lloyd Blvd., Ste. 801, Portland, OR 97232-1274
jeff.deiss@or.usda.gov
503-414-3367 phone; 503-414-3397 fax
Visit our web site, http://www.ruralOregon.biz ('http://www.ruralOregon.biz')
For energy programs, http://energy.ruralOregon.biz ('http://energy.ruralOregon.biz')
You may have seen an email or letter alerting lenders that funding for a "USDA Rural Development Guaranteed Loan Program" could be exhausted by April. This communication related strictly to RD's SINGLE FAMILY HOUSING guaranteed loan program.
It does NOT apply to the B&I (Business & Industry) guaranteed loan program. Well over $1.5 BILLION of B&I authority is still available, much of it through the Recovery Act which makes 90% guarantees and reduced fees available for business lenders. There is also ample guaranteed funding for all of RD's other guaranteed loan products such as Community Facilities (CF) and Rural Energy (REAP).
So please don't be confused. In Oregon and nationwide, USDA is ready, willing and able to assist you with rural business loan guarantees through the B&I program.
jeff
Jeff Deiss, Business & Cooperative Program Director
USDA Rural Development, Oregon State Office
1201 NE Lloyd Blvd., Ste. 801, Portland, OR 97232-1274
jeff.deiss@or.usda.gov
503-414-3367 phone; 503-414-3397 fax
Visit our web site, http://www.ruralOregon.biz ('http://www.ruralOregon.biz')
For energy programs, http://energy.ruralOregon.biz ('http://energy.ruralOregon.biz')