RCAC is a financial resource for rural communities and businesses that need capital and technical assistance.

Rural Community Assistance Corporation (RCAC) is a nonprofit Community Development Financial Institution (CDFI) that provides training, technical and financial resources, and advocacy to help rural communities and businesses achieve their goals and visions. RCAC’s loan fund fills financing gaps in New Mexico rural communities and 12 other western states, including Alaska, Arizona, California, Colorado, Hawaii and Pacific islands, Idaho, Montana, Nevada, Oregon, Utah, Washington, and Wyoming. RCAC offers loans for affordable housing, environmental infrastructure, community facilities, and small businesses.

RCAC’s Small Business Loan Program enables businesses to retain or create jobs that improve the economic condition of rural communities. It offers lines of credit, short-term loans for working capital, and long-term loans for business needs such as real estate and equipment. Business loans are tailored to the needs of the business and RCAC offers flexible terms.

Eligibility: For-profit businesses, nonprofit organizations, and Native American-owned entities that are located in towns or communities of less than 50,000 population.

Long-term Business Loans: 30-year loans of up to $6 million with a loan guarantee by USDA Rural Development.

Short-term Business Loans: Loans of up to 5 years for working capital or lines of credit. Loans of more than $250,000 require a loan guarantee by USDA Rural Development.

Re-Emerging Loan Fund (RELieF): Technical assistance, business coaching, and loans of up to $25,000 to help pandemic-impacted businesses re-emerge into the marketplace.

Green Lending: Applicants who adopt “green” business practices or incorporate energy-saving features into their facilities may receive a .5% interest rate deduction.

Loans for Public Bodies and Affordable Housing: In addition to small business loans, RCAC also offers loans to public bodies such as municipalities, counties, tribes, nonprofit organizations, and water districts for infrastructure projects, and affordable housing projects. Follow the links to learn more about Community Facility Loans, Environment Infrastructure Loans, and Community Development Loans, or download the Loan Fund Program Chart.

Visit RCAC to learn more about all of its programs.