ANNOUNCEMENT 15 Feb 2018

On 15 February 2018, the US government granted a loan guarantee to Northgate Golden Valley, 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. Northgate Golden Valley, Llc..
https://www.usaspending.gov/award/ASST_NON_GLSX0002062121_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: 15 Feb 2018 | Removal date: open ended

Loan guarantee

On 15 February 2018, the Department of Agriculture approved a loan guarantee worth USD 10 million to Northgate Golden Valley, 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