ANNOUNCEMENT 31 Dec 2020

On 31 December 2020, the US government granted a loan guarantee to Milmar Food Group Ii 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. Milmar Food Group Ii Llc.
https://www.usaspending.gov/award/ASST_NON_GLSX0002469191_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: 31 Dec 2020 | Removal date: open ended

Loan guarantee

On 31 December 2020, the Department of Agriculture approved a loan guarantee worth USD 15 million to Milmar Food Group Ii 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