USDA Small Business Grants You Can Apply for in 2022
If you own a small business in the US, then you may be interested to learn that the United States Department of Agriculture (USDA) offers grants and loans to support your business. In this article, we’ve compiled a list of 10 USDA small business grants that you can apply for in 2022.
1. Rural Business Development Grant
The Rural Business Development Grant (RBDG) can provide funding for small and emerging businesses in rural communities. This grant can be used for business planning, technology development, and land acquisition among other things. The maximum grant amount is $500,000.
2. Value-Added Producer Grant
The Value-Added Producer Grant (VAPG) helps agricultural producers to develop new products or markets. The grant can be used for product development, marketing, and feasibility studies. The maximum grant amount is $250,000.
3. Small Socially-Disadvantaged Producer Grant
The Small Socially-Disadvantaged Producer Grant (SSDPG) helps minority farmers or ranchers who have been subjected to racial or ethnic prejudice. The grant can be used for training, technical assistance, and land acquisition among other things. The maximum grant amount is $250,000.
4. Rural Energy for America Program
The Rural Energy for America Program (REAP) provides grants and loans to rural small businesses and agricultural producers for renewable energy systems and energy-efficiency improvements. The maximum combined grant and loan amount is $500,000.
5. Farm Labor Housing Direct Loans and Grants
The Farm Labor Housing Direct Loans and Grants provides funding for the development of housing for farmworkers. The grant can be used for construction, acquisition, and repair of housing. The maximum loan amount is $3 million.
6. Beginning Farmer and Rancher Development Program
The Beginning Farmer and Rancher Development Program (BFRDP) provides grants to support the education and training of farmers and ranchers who are just starting out. The grant can be used for classroom instruction, mentoring, and networking among other things. The maximum grant amount is $600,000.
7. Community Facilities Loans and Grants
The Community Facilities Loans and Grants program provides funding for essential community facilities in rural areas. This includes healthcare facilities, public safety facilities, and community centers. The maximum grant amount is $150,000.
8. Technical Assistance and Training Grant
The Technical Assistance and Training Grant (TAT) provides funding to organizations that help rural communities develop and implement long-term economic development strategies. The grant can be used for technical assistance and training. The maximum grant amount is $500,000.
9. Rural Business Investment Program
The Rural Business Investment Program (RBIP) provides funding for the formation and management of rural business investment companies. These companies invest in rural small businesses using equity or debt financing. The maximum investment amount is $45 million.
10. Business and Industry CARES Act Program
The Business and Industry CARES Act Program (BICAP) provides funding to rural businesses affected by the COVID-19 pandemic. The grant can be used for payroll and other working capital expenses. The maximum grant amount is $3 million.
In conclusion, if you are looking for funding opportunities for your small business, then the USDA has a variety of options available. These 10 grants can provide crucial funding to help you start or grow your business. We recommend that you carefully review each program’s eligibility criteria and application requirements before applying. Good luck!
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