Business and Industry Guaranteed Loan Program

The retirement of the baby boom generation of business proprietors is predicted to result in a major turnover in ownership. Developing an ownership succession plan is especially challenging in rural areas where many small businesses are at risk of closing from the lack of locally available financing...

Focusing on international markets, renewable energy and a community’s inherent assets, rural businesses find dynamic paths to prosperity. To see this in action, I headed to Boonville, New York. Mark Bourgeois was born and raised in Boonville and today is President of CJ Logging Equipment and 3B...

Corwin Heatwole describes himself as quite the stubborn - though innovative - teenager. Leaving home at 17 years of age, this hardworking young man from Harrisonburg, Va. started several successful businesses in his early 20s before he discovered that there was a growing demand for organic chicken...

During my trip to Kentucky, I was truly gratified to see Rural Development’s footprint throughout small towns spread across all regions of the Commonwealth. From water lines, broadband networks, wastewater treatment plants, single and multi-family housing, electric lines, senior centers, hospitals...

Last month, Secretary Vilsack announced a historic level of funding available for local and regional food: $78 million, including $48 million through USDA’s Business and Industry Loan Guarantee Program and $30 million through the newly-expanded Farmers Market and Local Food Promotion Program. The...

When it comes to beer, Oregon is known far and wide as a hub of innovation and artistry or, as we locals call it, “beer-topia.” Since the 1980s, small breweries have been popping up across Oregon thanks to the state’s pristine water, abundant hops and grain fields, forward-thinking craft brewing...

Earlier this week it was my honor to join USDA Rural Development Acting Under Secretary Doug O’Brien and Patapsco Bank President/CEO Michael Dee to announce funding support for one of Maryland’s favorite delicacies – the Chesapeake Bay Oyster. “In today’s environment, economic recovery is the...

Recently, I spoke at the grand opening of the Daisy Hill Assisted Living facility in Versailles, Ky. In visiting this facility, I reflected on the future of this and other facilities and their importance as we anticipate the droves of baby boomers seeking to maintain a quality of life as they...

Nobody in the audience was checking emails or text messages. No one was squirming and looking at the clock. In fact, all of the attendees were riveted to the presentations. The event was a recent Revolving Loan Fund Roundtable sponsored by USDA Rural Development in Phoenix, Arizona. Lyle...

South Dakota USDA Rural Development honored four top banks for their collaborative work in utilizing the USDA Business & Industry (B & I) Loan Guarantee program. Elsie Meeks, South Dakota Rural Development State Director said, “Working with private lenders throughout the state enables USDA Rural...