Intermediary Relending Program


To finance business facilities and community development.

General information about this opportunity
Last Known Status
Program Number
Federal Agency/Office
Rural Business-Cooperative Service, Department of Agriculture
Type(s) of Assistance Offered
E - Direct Loans
Program Accomplishments
Not applicable.
Health and Human Services Act of 1986, Section 407, Public Law -99-425, 7 U.S.C. 1932
Who is eligible to apply/benefit from this assistance?
Applicant Eligibility
Eligible intermediaries may include: Private nonprofit organizations, State or local governments, and Federally recognized Indian tribes and cooperatives.
Beneficiary Eligibility
Ultimate recipients may include: For profit organizations, individuals, public and private nonprofit organizations.
Intermediaries must have adequate legal authority and a proven record of successfully assisting rural businesses and industries. Ultimate recipients must not be located within a city with a population of 25,000 or more. Both intermediaries and ultimate recipients must be unable to obtain the loan at reasonable rates and terms through commercial credit or other Federal, State, or local programs. This program is excluded from coverage under OMB Circular No. A-87.
What is the process for applying and being award this assistance?
Pre-Application Procedure
Preapplication coordination is not applicable.
Application Procedure
2 CFR 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards applies to this program. Potential intermediaries should file applications with the State office for the State in which the intermediary's headquarters is located. The application package includes Form 4274-1 and a written work plan. More details are available in 7 CFR 4274.343, or from the appropriate Rural Development State Office. The Rural Development administers the program on the local level. Intermediaries develop their own application procedures for ultimate recipients.
Award Procedure
The application of each intermediary will be evaluated by the RD State Office. Applications received by RBS will be reviewed and ranked quarterly and funded in the order of priority ranking.
Contact the headquarters or regional location, as appropriate for application deadlines
Approval/Disapproval Decision Time
From 30 to 60 days.
Adverse actions by RBS in connection with this program may be appealed by contacting the Area Supervisor of the USDA National Appeals Division. Appeals will be handled in accordance with 7 CFR 1900-B.
Not applicable.
How are proposals selected?
Factors considered in judging applications include: Financial condition, assurance of repayment ability, equity, collateral, experience and record of managing a loan program or providing other assistance to rural businesses, ability to leverage with funds from other sources, extent assistance would flow to low income persons.
How may assistance be used?
An entity that receives an Intermediary Relending Program (IRP) loan from the Rural Business-Cooperative Service (RBS) is referred to as an intermediary. Intermediaries must relend all of the loan funds received from the IRP loan for business facilities or community development in rural areas. An entity that receives a loan from an intermediary is referred to as an ultimate recipient. The maximum loan to any one intermediary is $2 million. The maximum term is 30 years and the interest rate is one percent per annum. Intermediaries may not use IRP funds to finance more than 75 percent of the cost of an ultimate recipient's project or for a loan of more than $250,000 to one ultimate recipient. (No more than 25 percent of an IRP loan approved may be used for loans to ultimate recipients that exceed $150,000.)
What are the requirements after being awarded this opportunity?
Not applicable.
Not applicable.
Records and accounts must be maintained to reflect the operations of each project.
Other Assistance Considerations
Formula and Matching Requirements
Statutory formula is not applicable to this assistance listing.

Matching requirements are not applicable to this assistance listing.

MOE requirements are not applicable to this assistance listing.
Length and Time Phasing of Assistance
Applicant intermediaries must show a need for the funds and limit the request to an amount they can expect to use within one year. After a loan is approved, the funds are released to the intermediary in multiple advances as required to fund loans to ultimate recipients. Method of awarding/releasing assistance: quarterly. Method of awarding/releasing assistance: Quarterly.
Who do I contact about this opportunity?
Regional or Local Office
RBS State Office listed in Appendix IV of the Catalog. If you are unable to find it, go to
Headquarters Office
Lori Pittman
1400 Independence Avenue, SW Room 4204
Mailstop 3226
Washington, DC 20250 US
Phone: 202-720-1400
Website Address
Financial Information
Account Identification
(Direct Loans) FY 22$18,884,758.00; FY 23 est $18,888,256.00; FY 24 est $18,000,000.00; FY 21$14,000,000.00; FY 20$12,088,310.00; FY 19$18,886,870.00; FY 18$18,889,000.00; FY 17 est $18,889,000.00; FY 16 est $19,000,000.00; -
Range and Average of Financial Assistance
This program has no statutory formula. Matching requirements are not applicable to this program. However, Intermediaries may not use IRP funds to finance more than 75 percent of the cost of an ultimate recipient's project MOE requirements are not applicable to this program
Regulations, Guidelines and Literature
7 CFR 4274, Subpart D; 7 CFR 1951, Subpart R.
Examples of Funded Projects
Not applicable.


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