USDA Announces $190 Million In Loans for Rural Broadband

The U.S. Department of Agriculture (USDA) announced the approval of 20 rural broadband and telecommunication loans totaling $190 million to expand access to advanced technology in 19 states. The rural broadband access program provides loans and loan guarantees for the construction, improvement, and acquisition of facilities and equipment for broadband service in eligible rural communities. Priority is given to applications that are proposing to serve areas where no residential broadband service currently exists.



Most of the funds for the program were authorized through the 2002 Farm Bill. To date, over $206 million in broadband loans have been approved in this program. http://www.usda.gov