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Home / News / Financial Services / USDA Rural Development uses up stimulus money for loans – quickly (access required)

USDA Rural Development uses up stimulus money for loans – quickly (access required)

USDA Rural Development on April 30 exhausted its $1.5 billion in American Reinvestment and Recovery Act funding targeted for its Business and Industry loan guarantee program. The economic-stimulus money enabled the agency to increase its loan backing from 80 percent to 90 percent - making some businesses more bankable in a tough economy - and for ...

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