USDA Offers New Food Supply Chain Guaranteed Loan Program

The Food Supply Chain Guaranteed Loan Program is part of USDA’s Build Back America Better initiative to strengthen critical supply chains and our food system. This program guarantees loans of up to $40 million for qualified lenders to finance food systems projects, specifically for the start-up or expansion of activities in the middle of the food supply chain. The program will support new investments in infrastructure for food aggregation, processing, manufacturing, storage, transportation, wholesaling, and distribution to increase capacity and create a more resilient, diverse and secure US food supply chain.

This program is under the auspices of the Rural Development area of the USDA, More information can be found at https://www.rd.usda.gov/food-supply-chain-guaranteed-loans.