VeteranS & RURAL: Lesson 5
Area specialist Roe Hughes discusses the REDLG (Rural Economic Development Loan and Grant) Program.
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What are some of the benefits of having a social media presence for a business?CorrectIncorrect
What is the minimum grant amount that can be applied for through the Rural Energy for America program?CorrectIncorrect
What is the maximum loan amount that can be requested through the Red Leg program?CorrectIncorrect
Video Lesson Topics
- Loan Financing Details
This program provides an opportunity for a business to apply for a 10 year loan for 0% financing through a local utility.
- Loan Competitiveness
The REDLG program is very competitive. The loan money isn’t always immediately there, meaning that the application must go through their national office competition. Applications are looked at and evaluated on a quarterly basis, if yours is not approved after four quarters, your application is withdrawed and you must look elsewhere for a loan.
- Loan Purpose
The purpose of the REDLG program is to provide financing to business that will provide rural jobs and rural development. This is the driving factor in how the the applicants are deemed eligible and is highly considered in the scoring of each application
Topics & Lessons
Each Below Topic Contains a Video Lesson and Helpful Downloadable Information
VetBiz Certification / VOSB
USDA REAP (Rural Energy for America Program)
USDA B&I Loans
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