Skip to main content
  • Click to open or close the program search boxShow Me Programs
    • Show me the programs that are
      performing Go
    • Show me the programs that are
      not performing Go
ExpectMore.govExpectMore.gov home pageEXPECT FEDERAL PROGRAMS TO PERFORM WELL, AND BETTER EVERY YEAR.
Program Assessment

Program

View Assessment Details

Rural Business and Industry Guaranteed Loan Program

USDA's Rural Business-Cooperative Service provides Business & Industry Guaranteed Loans for job creation and to stimulate rural economies by providing financial backing for rural businesses. Most legal organized entities are eligible, including: cooperatives, corporations partnerships, trust, profit or nonprofit entities.

Rating

What This Rating Means

PERFORMING
Adequate

This rating describes a program that needs to set more ambitious goals, achieve better results, improve accountability or strengthen its management practices.
  • Due to a lack of demand, the program has not fully obligated funds for the last two years; has extensive levels of carryover.
  • RBS has agreed to extremely ambitious targets for their longterm measures. By 2013, they hope to have 95% of their business/loan recipients existing 5 years after the loan closes.
  • This program has had problems in the past approving and executing loans. In 2006, it took an average of 59 days to process a loan; well over the 30 day average in the private sector.

Improvement Plan

About Improvement Plans

We are taking the following actions to improve the performance of the program:

  • Rewriting program regulations to address identified concerns and deficiencies, such as lender performance and eligibility, borrower eligibility, priority goals, and underwriting requirements.
  • Rewriting program regulations and any Notices of Funding Availability to target the program more effectively. Increasing its relevancy, thus increasing demand for the program.
  • Obtaining internal efficiencies to decrease the amount of time it takes to approve and execute a loan.

Learn More

The content on ExpectMore.gov is developed by the U.S. Office of Management and Budget and Federal agencies.