ANNOUNCEMENT 31 Dec 2020On 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
USAspending.gov. Award page. Business and Industry Loans. Milmar Food Group Ii Llc.
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
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.