Rural Development IRP Loan Program
Program Highlights
- Up to 75% of project financing
- Fixed rate for life of loan
- Up to $250,000 financing available per project
Use of Funds
- Purchase, construction, or renovate buildings for commercial or industrial use
- Business acquisitions
- Purchase machinery and equipment
- Working capital
Terms
- Up to 12 years depending on use of funds and repayment ability.
Interest Rates
Fees
Eligibility Highlights
- Available to for‐profit businesses and some non‐profit organizations
- Create economic development in rural areas
Eligible Counties
- Anderson
- Blount
- Campbell
- Claiborne
- Cocke
- Grainger
- Greene
- Hamblen
- Hancock
- Hawkins
- Jefferson
- Knox (rural areas only)
- Loudon
- Monroe
- Morgan
- Roane
- Scott
- Sevier
- Union
Information
Forms