USDA to Implement Regulatory Reforms to Increase Access to Capital in Rural Areas; Local Listening Session
Assistant to the Secretary for Rural Development Anne Hazlett is hosting listening sessions to solicit feedback on a plan to increase access to capital in rural areas by streamlining regulations for four Rural Development loan guarantee programs.
Hazlett said. “Under the leadership of Agriculture Secretary Perdue, USDA is committed to simplifying our regulations and streamlining our program resources so we can be a better partner to rural leaders in building prosperity.”
The changes will simplify the application process for four Rural Development loan guarantee programs that provide funding to start, improve and expand businesses and build critical infrastructure. They also will incorporate modern lending practices, accelerate the loan approval processes and increase the amount of capital available in rural communities. The programs are the Community Facilities Guaranteed Loan Program, the Water and Waste Disposal Guaranteed Loan Program, the Business and Industry Loan Guarantee Program and the Rural Energy for America Program.
The Rural Development Innovation Center is hosting listening sessions this month to solicit comments on the reforms.
If unable to attend in person, attend virtually by visiting: https://cc.readytalk.com/r/2sgmfo5txt2a&eom.