Promote projects that will result in a sustainable increase in the productivity of economic resources in rural areas and thereby lead to a higher level of income for rural citizens.
RUS borrowers promote economic development in rural areas and job creation projects that are based on sound economic and financial analysis and take a long-term perspective.
Encourage economic development in rural areas and job creation projects without regard to service area.
To promote financially viable projects.
To encourage RUS borrowers to deposit funds in Cushion-of-Credit Accounts.
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.
