Secd rural business development coop rbeg grant

The Department of Agriculture Rural Business Cooperative Services awarded $300,000 to True Access Capital Corp on June 29, 2026, under the Rural Business Development Grant program (CFDA 10.351). The award funds business development and technical assistance services to support small and emerging private enterprises in rural Delaware through June 29, 2028. True Access Capital Corp, a nonprofit Community Development Financial Institution headquartered in Wilmington, Delaware, delivers microloans up to $50,000 for working capital, inventory, supplies, equipment, and machinery, along with business training, counseling, and technical assistance to prospective and active borrowers. The organization also provides marketing and management support and specialized entrepreneurship development services, with a focus on economically disadvantaged entrepreneurs including women, minorities, and low-income individuals who have historically faced barriers to credit and financial services. The Rural Business Development Grant program supports sustainable economic development and job creation in rural communities by funding eligible intermediaries—government entities, private nonprofit corporations, and federally recognized Indian tribes—that assist businesses projected to employ fifty or fewer new employees and generate less than one million dollars in gross revenue. Grants are not made directly to businesses.