On April 8, the Department of Agriculture’s (USDA) Rural Utilities Service (RUS) published a Notice of Solicitation of Applications (NOSA) in the Federal Register for the Rural Broadband Access Loan and Loan Guarantee Program (the Broadband Program) for Fiscal year 2016. Loans are available ranging from $100,000 to $10 million. Applications will be accepted from April 8, 2016 through July 7, 2016.
The Broadband Program provides loans to corporations, Limited Liability Companies, Cooperatives, State or local governments and Indian tribes or tribal organizations for the construction, improvement and acquisition of facilities and equipment. The loan will not fund operating expenses, construction costs incurred prior to the issuance of a complete application status, the purchase of Customer Premises Equipment (CPE) and installation of installed writing (unless certain conditions are met) and leased facilities, among others.
Continue Reading Rural Utilities Services Announces Broadband Loan Program Funding; Applications due July 7, 2016