Red Lake Nation News - Babaamaajimowinan (Telling of news in different places)

Loan, grant applications available through USDA


BEMIDJI -- ­USDA Rural Development is currently accepting applications for loans and grants offered through the Community Facilities Loan and Grant Program.

Public entities including counties, township and communities, non­profit organizations and tribal communities with a population of 20,000 or less are eligible to apply. Interest rates for this program are at historically low levels of 3.25 percent. The terms for these loans are based on the useful life of the security and can be up 40 years. The loan and grant purpose under this program is for essential community facilities.


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