Loan purposes.

CFR · 2024-01-01 · US · Title 7

Loans to borrowers with facilities located in both urban and rural areas will be limited to the amount necessary to finance the facility located in the eligible rural area. (a) (1) Business and industrial acquisitions, construction, conversion, enlargement, repair, modernization of development cost. (2) Purchasing and development of land, easements, rights-of-way, buildings, facilities, leases or materials. (3) Purchasing of equipment, lease-hold improvements machinery or supplies. (4) Pollution control and abatement including those in connection with farming and ranching operations. (5) Transportation services incidential to industrial development. (6) Startup costs and working capital. (7) The financing of housing development sites located in open country or cities, towns or villages with populations not in excess of those eligible for Rural Development rural housing loans, provided the community demonstrates a need for additional housing to prevent a loss of jobs in the area, or to house families moving to the area as a result of new employment opportunities. (8) Loans, other than for working capital or debt refinancing, for meat processing facilities and integrated meat and poultry operations. Loans may not be guaranteed for agricultural production as defined in § 1980.412(e); however, applicants who are in the business of processing, marketing or packaging of agricultural products, as well as agricultural production, may be (9) Interest (including interest on interim fin

official document · source cfr-2024 · id 7:§ 1980.411