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@USDA EXPANDS ACCESS TO CAPITAL

The changes will allow businesses to use the New Markets Tax Credit as a form of equity, and all employees of a business to qualify for loan guarantees to purchase stock in a business by forming an Employee Stock Ownership Plan or worker cooperative. USDA Rural Business-Cooperative Service Administrator Sam Rikkers unveiled new rules to make it easier for rural businesses to qualify for loans under USDA’s Business & Industry Guaranteed Loan Program. (Prairie Farmer)

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