ANNOUNCEMENT 30 Apr 2021

On 30 April 2021, the US government granted a loan guarantee to Jp Sagebrush Llc as part of the program Business and Industry Loans.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

USAspending.gov. Award page. Business and Industry Loans. Jp Sagebrush Llc.
https://www.usaspending.gov/award/ASST_NON_GLSX0002521762_12E4

USDA Rural Development, "Business & Industry Loan Guarantees" (retrieved on 15/07/2021). Available at: https://www.rd.usda.gov/programs-services/business-industry-loan-guarantees

Inception date: 30 Apr 2021 | Removal date: open ended

Loan guarantee

On 30 April 2021, the Department of Agriculture approved a loan guarantee worth USD 10 million to Jp Sagebrush Llc. The support was granted through the Business and Industry Loans programme.

The Business and Industry Guaranteed Loan Program is aimed at improving the economic health of rural communities by increasing access to business capital through loan guarantees. The program offers loan guarantees to lenders for their loans to rural businesses. The program is administered by USDA Rural Development. The loan guarantee percentage is published annually in a Federal Register notice and the Business and Industry loans approved in Fiscal Year 2021 will receive an 80 percent guarantee.

AFFECTED SECTORS