USDA expands access to capital for rural businesses

USDA Rural Business-Cooperative Service Administrator Sam Rikkers on Friday unveiled new rules to expand access to capital for rural businesses.

“Access to capital is one of the most important needs for businesses,” Rikkers said. “USDA is partnering with the Treasury Department and other agencies to ensure that rural businesses have the resources they need to prosper and grow. The regulatory changes I am announcing today will help businesses expand their operations and create jobs.”

The changes, published in the Federal Register, make it easier for rural businesses to qualify for loans in USDA...