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Superior Rural Economic Development Loan and Grant Revolving Loan Program
Superior administers USDA Rural Economic Development Loan and Grant funds as a revolving loan program for eligible economic development projects.
About this program
The City of Superior administers a Rural Economic Development Loan and Grant revolving loan program supported by USDA funding. The program allows small governments, through utilities, to receive and administer funds for local revolving loans that support economic development projects and business activity under USDA guidelines.
Eligibility
Eligible businesses and project sponsors in Superior with qualifying economic development projects may seek financing through the City's USDA-backed revolving loan program.
Requirements
- Project must be located in or benefit the City of Superior.
- Project must qualify under USDA Rural Economic Development Loan and Grant revolving loan guidelines.
- Applicant must provide project scope, business information, budget, financing plan, and repayment capacity documentation.