Intermediary Relending Program

Nebraska Northwest Development Corporation (NNDC) is located in Chadron, Nebraska and serves the three northwest Nebraska counties of Dawes, Sheridan and Sioux. NNDC approached USDA Rural Development in need of additional revolving loan funds as the previous Rural Business Enterprise Grant (RBEG)...

USDA Rural Development and partners held a revolving loan fund stakeholder roundtable in Lincoln, Nebraska via videoconferencing at the Nebraska sites of Kearney, Chadron, Norfolk and Scottsbluff. Thirty-six stakeholders attended, learning about the various revolving loan fund programs that USDA...

Last week, Molly Lambert, State Director of the Vermont Rural Development State Office, (RD) joined me in hosting the state’s first “Intermediary Relending Program and Creative Financing Roundtable.” Meeting participants, including leaders from Vermont’s economic and community development centers...

It was lights, camera and action as a videographer for the National Rural Economic Developers Association (NREDA) and National Rural Electric Cooperative Association (NRECA) traveled across eastern South Dakota. Hosted by the Rural Electric Economic Development, Inc. (REED) Fund, video interviews...

Since 1997, Prairieland Economic Development Commission in Slayton, Minnesota, has been partnering with USDA Rural Development and local lenders to grow the economy and create jobs in southwestern Minnesota. Prairieland has financed over 60 rural businesses and helped create hundreds of jobs using...

On a farm in small-town Pierz, Minnesota, Tom and Jenni Smude are breaking new ground in the cooking oil business. Tom and Jenni started Smude’s Natural Sunflower Oil in February of 2010 and have enjoyed the ride ever since. What began as an idea to grow a drought-tolerant crop transformed into a...

The City of Murdo, South Dakota, is located at the crossroads of Interstate 90 and Highway 83 in the middle of the State. A town with a population of 500 in a county with one person per square mile; Murdo has several new businesses and recreational activities that keeps the town thriving. An all...

Beadle and Spink Enterprise Community (BASEC) just made its 500 th loan and through its revolving loan program has loaned over $16 million dollars to improve the economic and housing climate of part of South Dakota since 1996. BASEC (named after the two counties it serves) has less than a 1 percent...