Small business loans available from USDA
The U.S. Department of Agriculture’s Rural Development office serving Arkansas has approximately $58 million available in its business and industry guaranteed loan program to utilize before September 30, 2010.
The program provides guarantees on loans made by lending institutions to assist businesses in purchasing and developing land and buildings, purchasing machinery, equipment, or supplies, and to provide working capital. Debt refinancing that improves cash flow for the business is also eligible. Creating new employment and retaining existing jobs in rural areas is the primary goal of the program.