Procedure
Apply via Agent
Apply Online
- To Apply for Rural Business Investment Program (RBIP), the application is available in the following link
- If the applicant is an existing user, they can login directly using their “User ID” and “Password”.
- If the applicant is a new user, they have to register first by clicking on the “Register” option.
- Applicant must provide all information necessary for application procedure online.
- Applicant should make sure to upload digital copies of documents (whichever is necessary) along with the application form.
- The fee of this process is mentioned under the “Fees” section of this page.
- Once the application is determined to be complete, USDA will conduct a further review of the management team and business plan.
- If the initial review is favourable, USDA will proceed to conduct an interview with the applicant.
- The notification will take between 12 – 13 weeks from the receipt of the initial application.
- The applicant will be advised of the results of the meeting within 60 days.
Apply In Person
- To Apply for Rural Business Investment Program (RBIP), the applicant has to approach the U. S. D. A. RURAL BUSINESS-COOPERATIVE SERVICE (RBS) link
- An application form will be provided to the applicant by the concerned officer. or it can be downloaded from the following link 1 link 2
- The applicant has to fill in all the necessary details in the application form. (Incomplete applications are not accepted)
- Make sure that the applicant has attached all the necessary documents that are mentioned in the “Required Documents” section of this page.
- The applicant has to attach the photocopies of the required documents along with the application form while submitting.
- Submit all the documents with the completed form to the concerned office.
- Once the application is determined to be complete, USDA will conduct a further review of the management team and business plan.
- If the initial review is favourable, USDA will proceed to conduct an interview with the applicant.
- The notification will take between 12 – 13 weeks from the receipt of the initial application.
- The applicant will be advised of the results of the meeting within 60 days.
Required Documents
- Application form link
- Articles of Incorporation (including any amendments).
- Bylaws (including any amendments).
- RS letter granting non-profit standing.
- Current (within 12 months) Certificate of Good Standing issued by the appropriate Secretary of State.
- Board Resolution authorizing entity to apply and administer the RBEG/RBOG including the name and title of the person authorized to sign grant documents.
- List of Board Members.
- Documentation of organization (dated established if other than city, county, or state government).
- Latest Three (3) years financial statements including, balance sheets, income statements and current audited report if available.
- Copy of an account statement
Office Locations & Contacts
USDA Rural Development
Rural Housing Service
1400 Independence Ave., SW,
Rm 5014, STOP 0701
Washington, DC 20250-0701
Application assistant Phone: (202) 690-0433
Contact link
Regional link
Eligibility
The following individuals are eligible:
- For-profit entities
- Subsidiary of an entity
Fees
- Licensing fee of $500 in the form of a check made payable to USDA.
Validity
Explain the time until which the certificate/document is valid.
e.g. Birth Certificate Valid Forever
Documents to Use
Sample Documents
Please attach sample completed documents that would help other people.
Processing Time
- This entire process can be completed within 30 days or as per the timeline advised by the respective department authority.
Videos explaining the procedure or to fill the applications.
Attach videos using the following tag <&video type='website'>video ID|width|height<&/video&> from external websites.
Please remove the '&' inside the tags during implementation.
Website = allocine, blip, dailymotion, facebook, gametrailers, googlevideo, html5, metacafe, myspace, revver,
sevenload, viddler, vimeo, youku, youtube
width = 560, height = 340, Video ID = Can be obtained from the URL of webpage where the video is displayed.
e.g In the following url 'http://www.youtube.com/watch?v=Y0US7oR_t3M' Video ID is 'Y0US7oR_t3M'.
Instructions
- Applicant must complete the application form before submitting. Incomplete applications will not be accepted.
- Applicant must provide genuine information while applying for this procedure.
Required Information
- General Information.
- Investing.
- Operational Assistance (Oa) Grant.
- Operations, Decision-Making And Investment Oversight.
- Legal And Financial Provisions Of The Rbic.
- Relevant Investment Experience.
- Relevant Venture Capital Finance and Community Development Finance.
- Individuals with lending experience.
- Relevant Grant Management Experience.
- Individuals with grants management experience.
- Relevant Venture Capital Finance and Community Development Finance Experience.
Need for the Document
- This program promotes economic development and creates wealth and job opportunities among individuals living in rural areas and helps to meet the equity capital investment needs primarily of smaller enterprises located in such areas.
- USDA licenses newly formed for-profit entities as Rural Business Investment Companies (RBIC). RBICs then use the equity raised in capitalizing their funds to make venture capital investments mostly in smaller enterprises located primarily in rural areas.
- For more information link
Other uses of the Document/Certificate
Please explain what are other uses of obtaining this document/certificate.
e.g. Birth Certificate can be used as proof of identity.
External Links
Others
More information which might help people.