USDA Announces Funding Opportunity for RMAP

The U.S. Department of Agriculture has posted a Notice of Funds Availability (NOFA) for loans and grants under the Rural Microentrepreneur Assistance Program (RMAP) for FY2014. A total of $25.4 million is available under the following breakdown:

  • Loans: $23.9 million
  • Microlender TA Grants: $1.5 million

The minimum loan amount a microbusiness development organization (MDO) may borrow under this NOFA is $50,000 while the maximum is $500,000.

Completed applications must be received by the USDA no later than June 30, 2014.

If you are interested in applying, please review the following: application announcement, application package, and application checklist. More information is available on USDA’s website here.