Note: The RBIC application is intended for a newly formed for profit venture capital company that intends to be licensed as a RBIC and intends to raise a minimum of $10 million in private equity capital. From the menu options available, select the Rural Business Investment Program or the Business and Industry Guaranteed Loans either may be used to determine the eligibility for a specific address under the RBIP.įor More Information: For background and additional information on the Rural Business Investment Program, please click here to access the RBIP Fact Sheet. RBIP Rural Area Locator: To find out if an enterprise is located in a qualified rural area for purposes of the RBIP, please refer to the following link for USDA Income and Property Eligibility and select Property Eligibility for Business Programs. RBIC applicants must identify the rural areas their fund will target and demonstrate how the fund will assist those areas through disciplined, profit-oriented investing in rural enterprises. No more than 10% of investments (measured both by number and dollars invested) may be in Enterprises whose principal office is located in an urban area (defined by the Census as having a population of 150,000 or more.)Īt least 50% of RBIC investments (measured both by number and dollars invested) must be in “Smaller Enterprises,” and of those, at least 50% must be in “Small Business Concerns”. Will invest in enterprises that will create wealth and job opportunities in rural areas, with an emphasis on smaller enterprises.Īt least 75% of RBIC investments (measured both by dollars invested and number) must be made in Rural Business Concerns (i.e., an Enterprise whose principal office is located outside a standard metropolitan statistical area or within a community with a population of 50,000 or less). Has a qualified management team with experience in relevant venture capital financing or community development financing and Is a newly formed for-profit entity or a newly formed for-profit subsidiary of such an entity
#Usd a pclp license#
USDA licenses newly formed for-profit venture capital companies as Rural Business Investment Company's (RBICs) to make equity, and equity-like, investments mostly in smaller enterprises located primarily in rural areas.Īn applicant may be eligible to apply for an RBIC license if the applicant. The program is similar to SBA venture capital programs – the Small Business Investment Company (SBIC) and New Markets Venture Capital (NMVC) programs.
The Rural Business Investment Program (RBIP) promotes economic development in mostly rural areas by helping to meet the equity capital investment needs of smaller enterprises located in such areas. Part 4290 may be found on USDA’s website.
If you are interested in applying as a non-leveraged RBIC, more information on the current Program Notice and Application Procedure, and the RBIP Rules in 7 C.F.R. Currently applications for non-leveraged Rural Business Investment Companies (RBICs) are being solicited by the U.S.