Intermediary Re-Lending Program
The purpose of the IRP program is to alleviate poverty and increase economic activity and employment in rural communities. These revolving loan funds are used to assist with financing business and economic development activities to create or retain jobs in disadvantaged and remote communities. Loans made under the IRP Loan Program may be made for a maximum of ten years. The maximum loan may not exceed 50% of the total project or $250,000. The interest rate on these loans is fixed at 7%.
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