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USDA issues rule to streamline 4 loan guarantee programs

from Ethanol Producer Magazine

USDA issues rule to streamline 4 loan guarantee programs Ethanol Producer Magazine The USDA on July 13 issued a final rule that aims to increase private investment in rural communities by making it easier for lenders to access four guaranteed loan programs, including the Rural Energy for America Program. The rule is scheduled to take effect Oct. 1 and is subject to a 60-day comment period, which will open following publication of the rule in the Federal Register. The regulatory reforms included in the rule are collectively referred to as the OneRD Guarantee Loan Initiative. According to the USDA, the initiative will eliminate duplicative processes and launch a single platform for four key loan programs, including REAP, the Water and Waste Disposal Loan Guarantees Program, the Community Facilities Guaranteed Loan Program, and the Business and Industry Guaranteed Loan Program. READ MORE

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