The U.S. Department of Agriculture (USDA) Rural Development has announced they are accepting applications for loans and grants to expand access to new and better markets for rural small business owners and entrepreneurs.
The Department is making approximately $22 million available in funding through the Rural Microentrepreneur Assistance Program (RMAP). Rural businesses with 10 or fewer full-time employees are eligible for RMAP loans and technical assistance. USDA also provides RMAP funding to non-profits, Tribes, colleges and universities to create revolving loan programs and support training and hands-on support for rural microentrepreneurs and microenterprises.
USDA is particularly interested in applications that will advance Biden-Harris Administration priorities to:
Applications must be submitted to the USDA Rural Development State Office where the project is located no later than 11:59 p.m. Eastern Time on the following dates:
Interested applicants are encouraged to contact their local USDA Rural Development State Office well in advance of the application deadline to ask questions about their project, the program or the application process.
Additional information is available on page 67411 of the Aug. 20, 2024, Federal Register notice. Click here for the notice.