The signed promissory note covering the repayment of the zero-interest loans between RBS and the RUS borrower establishing when repayments begin.
Repayment terms on a loan to the RUS borrower are based on the nature of the project. Ordinarily, the term, including any principal deferment period, will not exceed 10 years.
Repayment by the recipient must equal the terms to the RUS borrower, unless approved by the RBS Administrator.
Principal repayments may be deferred for a period of up to 2 years by RBS. Ordinarily, the deferment for an established business will be limited to 1 year.
