Need Working Capital?

USDA Rural Development Intermediary Relending Program

Available for companies located in the 10 county region


  • Initial funding of the USDA Rural Development Intermediary Relending program is $460,000.
  • Eligible uses: working capital, product line expansion, market diversification, inventory receivables financing, and machinery and equipment financing.
  • Not Intended For: Charitable institutions, government,agricultural production(ag. processing is OK) lending & investment institutions, golf courses, race tracks or gambling facilities.
  • Companies located in the 10 county region.

Loan Terms:

  • Funding range: up to $100,000
  • Terms:Machinery & Equipment: up to 7 years
  • Terms:Working Capital: up to 5 years
  • Interest Rate: Depends on risk
  • Closing Fee $250.00 or 1% of loan amount, whichever is greater.


  • Underwriting
  • Meet with USDA Representative for project approval.
  • Loan review committee makes the final recommendation. (Meets on an as needed basis)


  • Sufficient pledge of collateral or personal guarantee will be required.
  • Semi-annual site visits to monitor borrower’s accomplishments.
  • Project must retain or create jobs in the region.

For Details, Contact

Laura Galbraith
(231) 995-7110

Formerly the Traverse Bay Economic Development Corporation and Chamber Foundation