USDA Announced New Loans to be Placed through Coops to Support Rural Businesses
The USDA’s Rural Business-Cooperative Service announced $18.1 million in loans to support 92 projects related to the start-up or expansion of rural small businesses. These zero-interest loans help utilities fund projects and create and retain employment in rural areas. The South Mississippi Electric Power Association will receive a $2 million loan to assist the city of Greenwood renovate a building for the Milwaukee Tools Company. Read more about the announcement here and see the loan recipients here.