Revolving Loan Fund (Rural Business Enterprise Grant)

Summary

COG administers the USDA Rural Business Enterprise Grant (RBEG) Revolving Loan Fund.

 This program offers small loans of $2000 to $15,000 for small business needs. The business must have fewer than 50 employees and less than $1 million in gross revenues.

The funds can be used for:

  • Acquisition and development of land, easements and right of ways.

  • Construction, conversion, enlargement, repairs or modernization of buildings (including façade repairs), plants, machinery, equipment, access to streets and roads, parking areas, utilities and pollution control and abatement facilities.

  • Loans for startup operating cost and working capital.

For more information, contact:

Wendy Allen
West Central Council of Governments
Regional Services Director
3702 Loop 322
Abilene, Texas 79602