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NAC is a preferred lender with the USDA Rural Development Program.
Qualifying USDA REAP Projects
Biomass
Geothermal
Hydropower
Hydrogen
Wind Generation
Ocean Generation
Solar Generation
Anaerobic Digesters
HVAC
Insulation
Lighting
Cooling & Refrigeration
Funding USDA Rural Energy for America Program (USDA REAP) Loans Nationwide
As small business owners know all too well, energy is expensive.
Unfortunately, replacing or upgrading inefficient equipment is expensive too. That’s why the USDA enacted the Rural Energy for America Program, USDA REAP.
USDA REAP provides government-guaranteed loans and grants to agricultural producers and rural small businesses to upgrade, replace, or construct energy-efficiency systems. Example projects include solar energy loans, wind turbine financing, and financing for high-efficiency upgrades in warehouses, industrial buildings, and/or office complexes. With NAC and the USDA, powering rural industry is finally affordable.
NORTH AVENUE CAPITAL EXPLAINS
USDA Rural Energy for America Program Loan vs. Grant
When it comes to financing renewable energy projects and making energy-efficient improvements, the U.S. Department of Agriculture (USDA) Rural Development Program offers two potential paths under its Rural Energy for America Program (REAP): government-guaranteed loan and grant. These initiatives aim to support rural businesses and agricultural producers in their pursuit of clean and sustainable energy solutions. Both options are part of the USDA’s Rural Development REAP program, so what’s the difference between the two? Let’s find out.
Defining Rural:
97% of America
Many of our clients are often pleasantly surprised to learn that our lending services are exclusively dedicated to rural businesses—a revelation that becomes even more intriguing when they realize their own business falls within this category.
Astonishingly, 97% of the U.S. landmass is classified as rural, suggesting a vast array of opportunities for businesses operating in these areas.
If you’re curious about your eligibility for USDA loans for rural America, you can quickly check if your address qualifies, thus potentially unlocking financial support and growth opportunities in rural American regions.
A Nationally Recognized Leader in Rural Lending
