Monday, April 1, 2013

Rural Energy for America Program

Available Funds

USDA Rural Development's Rural Energy for America Program helps farmers and small businesses reduce their energy costs. Here are some specifics:

1. Grants can be up to 25% of the eligible project costs.
     - Minimum grant is $1,500
     - Maximum grant is $250,000
2. Grants (up to 25%) and guaranteed loans (up to 50%) may be used in combination.
3. Guaranteed loans ONLY are also available. The percentage of guarantee is negotiated between the lender and the borrower.

Check out the info on their web site for more information:

http://www.rurdev.usda.gov/BCP_Reap.html

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