Is the loan secured?

All loans must be secured by collateral in an amount at least equal to the face value of the loan. Personal guarantees are also required by all principal shareholders owning over 20% or more of the business.

Show All Answers

1. What is the Rural Revolving Loan Fund (RRLF)?
2. What is its purpose?
3. Who can apply?
4. What can the money be used for?
5. How much can be borrowed?
6. How long can the loan be for?
7. What is the interest rate?
8. Is the loan secured?