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USDA Intermediary Relending Program

Program Details

The USDA Rural Development Intermediary Relending Program (IRP) is made possible through a capitalization that originally was funded in 1991 providing small businesses within the 13 county area served by SCTDD access to $1,856,000.00 in capital. A second investment was made in 2001 adding another $580,720.00 in capital.

More than $8 million dollars has been loaned to over 125 small businesses since the program’s inception. These funds leveraged more than $30 million in private investments in the 13 county region leading to the creation of nearly 500 new jobs and the retention of more than 150.

Rural Development IRP funds can only be used in rural areas. To find out if the address of your project is in a rural area, click here:


Applicants may be individuals, public or private organizations, or other legal entities, with authority to incur the debt and carry out the purpose of the loan, however, to be eligible to receive loans from the IRP revolving loan fund, ultimate recipients;

(a) Must be citizens of the United States or reside in the United States after being legally admitted for permanent residence. In the case of an organization, at least 51 percent of the outstanding membership or ownership must be either citizens of the United States or residents of the United States after being legally admitted for permanent residence.

(b) Must be located in a rural area of a State and fall within SCTDD’s area of Operations

(c) Must be unable to finance the proposed project from its own resources or through commercial credit or other Federal, State, or local programs at reasonable rates and terms.

(d) Must, along with its principal officers (including their immediate family) hold no legal or financial interest or influence in the intermediary. Also, the intermediary and its principal officers (including immediate family) must hold no legal or financial interest or influence in the ultimate recipient. However, this paragraph shall not prevent an intermediary that is organized as a cooperative from making a loan to one of its members.


**Any delinquent debt to the Federal Government, by the Applicant or any of its principals, shall cause the proposed applicant to be ineligible to receive a loan from Agency IRP loan funds. Agency IRP loan funds may not be used to satisfy the delinquency.


The USDA Rural Development Intermediary Relending Program (IRP)

is available to small businesses with the 13 counties that the SCTDD services. These include: Bedford, Coffee, Franklin, Giles, Hickman, Lawrence, Lewis, Lincoln, Marshall, Maury, Moore, Perry, and Wayne.

store-frontsInterest Rate

Interest rates will be based on the Prime rate and will have a floor of 5% and may not exceed Prime plus 4%. Rates will be fixed for the life of the loan.



  • Buildings – up to 20 years
  • Machinery and Equipment – Up to 10 years
  • Working Capital – up to 5 years



Funding Availability

Loans from the IRP revolving fund must not exceed the lesser of $250,000 or seventy five percent (75%) of the total cost of the applicant’s project for which the loan is being made. Funds are limited, however, your project may be pre-approved and funded once the capital becomes available.

For more information, please see the USDA Rural Development Intermediary Relending Program Fact Sheet and the USDA Lending Regulations that govern this program, RD Instruction 4274 – D.

USDA Nondiscrimination Statement:

For State and local Agencies and their subrecipients use the FNS Nondiscrimination Statement.

In accordance with Federal civil rights law and U.S. Department of Agriculture (USDA) civil rights regulations and policies, the USDA, its Agencies, offices, and employees, and institutions participating in or administering USDA programs are prohibited from discriminating based on race, color, national origin, religion, sex, gender identity (including gender expression), sexual orientation, disability, age, marital status, family/parental status, income derived from a public assistance program, political beliefs, or reprisal or retaliation for prior civil rights activity, in any program or activity conducted or funded by USDA (not all bases apply to all programs). Remedies and complaint filing deadlines vary by program or incident.

Persons with disabilities who require alternative means of communication for program information (e.g., Braille, large print, audiotape, American Sign Language, etc.) should contact the responsible Agency or USDA’s TARGET Center at (202) 720­2600 (voice and TTY) or contact USDA through the Federal Relay Service at (800) 877­ 8339. Additionally, program information may be made available in languages other than English.

To file a program discrimination complaint, complete the USDA Program Discrimination Complaint Form, AD­ 3027, found online at How to File a Program Discrimination Complaint and at any USDA office or write a letter addressed to USDA and provide in the letter all of the information requested in the form. To request a copy of the complaint form, call (866) 632­9992. Submit your completed form or letter to USDA by: (1) mail: U.S. Department of Agriculture, Office of the Assistant Secretary for Civil Rights, 1400 Independence Avenue, SW, Washington, D.C. 20250­9410; (2) fax: (202) 690­7442; or (3) email: .

USDA is an equal opportunity provider, employer, and lender.

Last Published: 11/19/2015   

For a free consultation to help you decide if this program is right for you and your business, please contact us using the form below.




To begin the loan process contact us to set up an eligibility screening interview. The consultation is risk-free and can help you in deciding if the IRP fund is right for you and your business needs. To see what information will be needed, follow the links below:


Following initial review, additional materials may be requested


South Central Tennessee Development
101 Sam Watkins Blvd.
Mount Pleasant, TN 38474
Office (931) 379-2918
Fax (931) 379-2640

Sign in front of SCTD