How much can be borrowed?

The maximum amount which can be obtained through the RRLF is $100,000.  In most cases, a borrower may carry only one RRLF loan at a time. RRLF can generally finance up to one-third of a total project, and there must be a commitment in place for the balance, including 10% equity from the borrower, at the time of application.

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1. What is the Rural Revolving Loan Fund (RRLF)?
2. What is its purpose?
3. Who can apply?
4. What can the money be used for?
5. How much can be borrowed?
6. How long can the loan be for?
7. What is the interest rate?
8. Is the loan secured?