Terms of Zero-Interest Loan Repayment

  • 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.