Wyoming - Apply for Intermediary Relending Program

Advertisement

Procedure

Apply In-Person:

1. The applicant has to reach out to U.S. Department of Agriculture (USDA) Rural Development for the application. Contact details are mentioned in “Office Locations & Contacts” of this page. Or use the following given Contact Link
2. An application form is available at the following Link
3. The applicant should make sure to carry all the documents that are mentioned under the “Required Documents” section of this page (Both photocopies and originals).
4. Applicant has to fill in all the necessary details in the form and attach the photocopies of the documents that are needed along with the application form before submitting.
5. The fee of this procedure is mentioned under the “Fees” section of this page.
6. Submit the original application and all supporting documents to the USDA, Rural Development. If additional space is required, provide for by an attachment. Additional information may be obtained from the RBS National Office.
7. Application received by the Agency will be reviewed and ranked quarterly and funded in the order of priority ranking. The Agency will retain unsuccessful applications for consideration in subsequent reviews, through a total of four quarterly reviews.
8. The processing time may take 30 – 60 days. Contact nearest State office for further details.

Advertisement

Required Documents

• Application form
• There are no other additional requirements at the national level. If there are additional state-specific requirements they will be listed in the following link under ”Other Requirement” Link

Office Locations & Contacts

Location: Washington D.C
Address:
USDA Rural Development
Rural Housing Service
1400 Independence Ave., SW, Rm 5014, STOP 0701
Washington, DC 20250-0701
Phone: (202) 692-0268
Contact Link

State Office:
Location: Wyoming
Address: Dick Cheney Federal Building
Post Office Box 11005
100 East B Street, Room 1217
Casper, WY 82601
Voice: (307) 233-6700
Fax: (855) 415-3411
Contact Link

Eligibility

The following individuals are eligible:

• Nonprofits and cooperatives.
• Federally-recognized tribes.
• Public agencies.

The following are eligible to apply for a loan from the intermediary lender as an ultimate recipient:

• Ultimate recipients may be individuals, public or private organizations or other legal entities, given that:
  • Majority ownership is held by U.S. citizens or permanent residents.
  • The applicant owes no delinquent debt to the Federal Government.
  • The applicant is unable to obtain affordable commercial financing for the project elsewhere.
  • The project is located in an eligible rural area.
  • The applicant has no legal or financial interest or influence in the work of the intermediary lender.

Fees

• The fee may vary from state to state around $150.00 for the application.
• Contact USDA for more details about the fee structure.
• Funding is available to intermediaries:
  • Up to $1 million.
  • A single intermediary's total outstanding debt from the IRP cannot exceed $15 million.

Validity

• For the first three years, interest-only payments may be permitted.

Documents to Use

• An application form is available at the following Link

Sample Documents

Please attach sample completed documents that would help other people.

Processing Time

• The processing time may take 30 – 60 days.

Related Videos

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 emptags 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.gIn the following url 'http://www.youtube.com/watch?v=Y0US7oR_t3M' Video ID is 'Y0US7oR_t3M'.

Instructions

• Contact information for the State Office and speak with a Business Programs Specialist before filling out any forms or applications. The applicant will save time in their application as a result of this.

Required Information

The information needed to be filled in the application form are listed below:

• Name
• Applicant's Tax Identification Number
• Date Established
• Citizenship
• History Of Intermediary
• Litigation
• Names Of Attorneys, Accountants, And Other Parties
• Subsidiaries And Affiliates
• Purchase And Sales Relations With Others
• Receivership – Bankruptcy
• Disclosure Of Special Information Regarding Principals
• Management
• Regulatory Agencies
• What is the service area for your proposed Intermediary Relending Program revolving loan program?
• Is the applicant, or any member, officer, director or other individual or entity directly involved in the operation and management, delinquent on any federal debt?

Need for the Document

• This program gives 1% low-interest loans to local lenders or "intermediaries" who re-lend to businesses in rural areas in order to improve economic circumstances and create jobs.

Information which might help

• For more information at the Program Link
• For more state view information select the state for “For state specific information drop down” at top right corner Link

Other uses of the Document/Certificate

• The IRP initiative aims to reduce poverty in rural areas while also increasing economic activity and jobs.
• Loans are granted to local groups (intermediaries) for the development of revolving loan funds under the IRP programme.
• These revolving loan funds are also utilised to assist with financing business and economic development activity in disadvantaged and isolated communities in order to create or retain jobs.

External Links

Place some external links which might help.

Others

More information which might help people.