September 23, 2020
USDA Rural Development Nevada State Director Phil Cowee congratulates the Rural Nevada Development Corporation after the nonprofit was approved for another $1 million in loan authority to re-lend to small rural businesses across Nevada. From left: RNDC Loan Officer Michelle Beecher, Cowee, RNDC Chief Executive Officer Mary Kerner, RNDC Board Chairman Jerry Martin, and Rural Development Nevada Business Program Director Chandler Allen.
The $1 million Intermediary Relending Program loan is for 30 years at a 1% interest rate and will be used to recapitalize the Rural Nevada Development Corporation's loan authority.
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