USDA Loan Program Business and industry under the American Recovery and Reinvestment Act
USDA Business and Industry (B & I) loan program is designed to improve business, industry, employment and economic and environmental climate in rural communities. In an effort to ease the credit crisis on “Main Street”, the American Recovery and Reinvestment Act (ARRA), aims to boost the current B & I program to encourage lenders to participate.
ARRA provides several improvements to the B & I program, which are available at the September 30, 2010:
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