USDA Intermediary Relending Program
Up to $250,000
This program provides affordable financing to support community development, launch new businesses and create or retain local jobs. The program helps strengthen local economies by funding projects that promote sustainable business growth. IRP funded projects must include at least a 25% match from other funding sources.
Territory: This funding is limited to specific rural counties, call us to see if your county is eligible.
Excellent Option For
- Real Estate
- Construction
- Leasehold Improvements
- Machinery/Equipment
- Inventory
- Working Capital
Example
Borrower will use the funds to purchase owner-occupied commercial real estate for the business. The financing will support the acquisition of the property, the purchase of equipment to improve operational efficiency and productivity and provide working capital to cover initial operating expenses such as inventory, payroll and other business operating costs
Project | |
|---|---|
Total | $200,000 |
Purchase of Real Estate | $100,000
|
Equipment | $75,000
|
Working Capital | $25,000
|
Financing Structure | |
|---|---|
Total | $200,000 |
IRP | $150,000 |
Other Financing Source | $30,000 |
Equity Injection | $20,000 |
Let’s Take the Next Step – Together
Someone from our team will reach out to learn about your business, talk through your goals, and help you explore the funding options that fit where you’re headed.
REI Oklahoma does not discriminate on the basis of race, color, national origin, sex, disability, or age in its programs and activities and provides equal access to all. The following person has been designated to handle inquiries regarding the non-discrimination policies: Heidi McKnight, Human Resources, REI Oklahoma, 2912 Enterprise Dr., Durant, OK 74701, or (580)924-5094.