Funding for Starting a Business

Funding for Starting a Business

Loans, financial incentives, and other supports for starting a new, for-profit enterprise.

Rural Economic Development Loan and Grant Program (REDLG)

Offers grants and zero-interest loans to local utility organizations who provide funding options for local businesses. Supports economic development in rural areas by funding projects designed to create or preserve job opportunities.

Application Deadline: Dec 31, 2020
Sponsor: USDA Rural Development (USDA RD)
Business and Industry Loan Guarantees

Offers programs to guarantee loans to rural businesses to increase access to business capital and improve rural economies. Allows commercial lenders to offer affordable financing to rural businesses to support business operations and create or preserve employment opportunities.

Application Deadline: Sep 15, 2021
Sponsor: USDA Rural Development (USDA RD)
Beginning Farmers and Ranchers Loan Program

Provides loan funds to farmers and ranchers who are in their first 10 years of operation to assist them in establishing prosperous and competitive farms and ranches. Helps new farmers and ranchers finance normal operating expenses, purchase land and capital, access new markets and marketing opportunities, diversify operations, pay family living expenses, and more. Funding can be accessed through one of the following four USDA Farm Service Agency (FSA) loan programs: Farm Operating Loans, Farm Ownership Loans, Guaranteed Farm Loans, and Microloans Programs.

Applications accepted on an ongoing basis
Sponsor: USDA Farm Service Agency (FSA)
Economic Development Assistance Programs (EDAP): Public Works and Economic Adjustment Assistance Program (PWEAA)

Supports the planning and implementation of economic development and revitalization projects in areas facing economic disruption and hardship, including rural and American Indian and Alaska Native tribal communities. Helps communities attract investment, create and retain new businesses and jobs, provide job training and education opportunities for dislocated workers, and enhance technology and infrastructure.

Applications accepted on an ongoing basis
Sponsor: Economic Development Administration (EDA)
EDA CARES Act Recovery Assistance

Provides funding for economic development programs to help communities and regions prevent, prepare for, and respond to the COVID-19 crisis. Offers a wide range of assistance to address the impacts of the pandemic, including planning and technical assistance grants, capitalization/recapitalization of Revolving Loan Funds (RLFs), innovation grants, construction of infrastructure, deployment of broadband, and other development projects.

Applications accepted on an ongoing basis
Sponsor: Economic Development Administration (EDA)
Intermediary Relending Program

Seeks to improve economic development, create employment opportunities, and reduce poverty in rural areas, especially disadvantaged and isolated communities. Offers 1% low-interest loans to local lenders known as intermediaries, that then re-lend funds to businesses in rural communities to foster community development.

Applications accepted on an ongoing basis
Sponsor: USDA Rural Development (USDA RD)
Microloan Programs

Offers microloans focused on the credit needs of small and beginning, niche and non-traditional farm operations, including truck farms, hydroponic, aquaponic, and organic producers, as well as direct marketing and sales through farmer's markets, community-supported agriculture, restaurants, and grocery stores. Loans may be used to make a down payment on a farm; build, repair, or improve farm buildings and facilities; purchase livestock, seed, and fertilizer; pay land rents, utilities, family living expenses, and other costs essential to starting and maintaining successful farm operations.

Applications accepted on an ongoing basis
Sponsor: USDA Farm Service Agency (FSA)
Minority and Women Farmers and Ranchers Loan Program

Provides loan funds to historically underserved farmers and ranchers through all of the USDA Farm Service Agency (FSA) loan programs. Funds from each loan program are set aside to specifically target farmers and ranchers who are women, African Americans, Alaskan Natives, American Indians, Hispanic, Asian, Native Hawaiians, and Pacific Islanders. Eligible FSA loan programs include Guaranteed Farm Loans, Farm Operating Loans, Farm Ownership Loans, Microloan Programs, and Youth Loans.

Applications accepted on an ongoing basis
Sponsor: USDA Farm Service Agency (FSA)
Rural Business Investment Program

Provides licenses to newly formed, for-profit entities to operate as a Rural Business Investment Company (RBIC). RBICs make equity capital investments in small, rural enterprises that may otherwise have difficulty accessing venture capital. Seeks to develop economies, create wealth, and increase job opportunities for people living in rural communities.

Applications accepted on an ongoing basis
Sponsor: USDA Rural Development (USDA RD)
Rural Microentrepreneur Assistance Program

Provides microenterprise development organizations (MDOs) with loans and grants to help establish and expand microenterprises through a Rural Microloan Revolving Fund. Helps microloan borrowers and microentrepreneurs receive training and technical assistance.

Applications accepted on an ongoing basis
Sponsor: USDA Rural Development (USDA RD)
Small Business Administration (SBA) Guaranteed Loans

Assists small businesses in securing loans to support their business operations. Provides financial guarantees and sets guidelines for lenders in order to make loans easier to access for eligible businesses. Loans can be used to pay for long-term fixed assets, such as real estate, equipment, machinery, construction, and remodeling, or as working capital for seasonal financing, revolving credit, export loans, and refinancing debt.

Applications accepted on an ongoing basis
Sponsor: Small Business Administration (SBA)
Socially-Disadvantaged Groups Grant Inactive

Provides technical assistance to socially disadvantaged groups in rural areas, whose members have experienced racial, ethnic, or gender prejudice because of their identity. Funds cooperatives and Cooperative Development Centers that offer various types of technical assistance, including feasibility studies, business plans, strategic planning, and leadership training, among others.

Application Deadline: Aug 10, 2020
Sponsor: USDA Rural Development (USDA RD)
Build to Scale Program (B2S) Inactive

Funds technology-based economic initiatives that promote job growth, innovation, economic opportunity, global competitiveness, and the development of future industry-leading companies in regions across the U.S. Aims to help startups and companies access investment capital, grow their companies, empower entrepreneurs, and commercialize new technology.

Application Deadline: Jun 15, 2020
Sponsor: Economic Development Administration (EDA)
Farmers Market Promotion Program Inactive

Increases communities' access to locally and regionally produced food and agricultural products by developing, coordinating, and expanding direct producer-to-consumer operations and activities, such as domestic farmers markets, roadside stands, community-supported agriculture (CSA) programs, agritourism activities, online sales, or other market opportunities. Builds organizational capacity and provides outreach, training, and technical assistance in order to help producers achieve a greater impact on local and regional food systems.

Application Deadline: May 26, 2020
Sponsor: USDA Agricultural Marketing Service (AMS)
Local Food Promotion Program (LFPP) Inactive

Develops, coordinates, and expands local and regional food business enterprises that function as intermediaries for indirect producer-to-consumer marketing with the goal of making local and regional agricultural products more available and accessible to communities. Supports both planning and implementation activities to establish, improve, or expand local or regional food businesses. Assists businesses through feasibility studies, market research, training, and technical assistance to strengthen food system infrastructure and increase sales of locally and regionally produced agricultural products.

Application Deadline: May 26, 2020
Sponsor: USDA Agricultural Marketing Service (AMS)
Partnerships for Opportunity and Workforce and Economic Revitalization (POWER) Initiative Inactive

Funds economic revitalization projects in the Appalachian region focused on economic opportunities, workforce preparation, critical infrastructure development, natural and cultural assets, and building leadership and community capacity to meet Appalachian Regional Commission's strategic investment goals. Gives priority to investments for building a competitive workforce, fostering entrepreneurial activities, developing industry clusters, strengthening substance abuse response, and broadband initiatives.

Letter of Intent (Required): Apr 15, 2020
Application Deadline: Apr 24, 2020
Sponsor: Appalachian Regional Commission (ARC)
Indian Community Development Block Grant Program (ICDBG) Inactive

Funds for American Indian and Alaska Native tribes and villages to support projects for housing, communities facilities, and economic development. Helps communities provide suitable housing, construct public facilities, and expand economic opportunity for low-income individuals and families. Offers two types of funds, Single-Purpose grants and Imminent Threat grants. Imminent Threat grants are available to address urgent public health or safety threats, including those related to alcohol and substance use.

Application Deadline: Feb 3, 2020
Sponsor: Office of Public and Indian Housing (PIH)