Meat and Poultry Intermediary Lending Program

Meat and Poultry Processing Intermediary Lending Program (MPILP) grants are available to qualified applicants (intermediary lenders) to facilitate financing for the start-up, expansion, and operation of entities engaged in primary processing (slaughter) or further processing of meat and poultry, to strengthen

credit:


the financing capacity for independent processors, and to help create a more resilient, diverse, and secure U. S. food supply chain.

The MPILP will also help strengthen the capacity of lenders that are financing or plan to finance meat or poultry processors.

Eligible processing facilities include USDA inspected facilities that process amenable species under a Federal Grant of Inspection, facilities that process nonamenable species eligible for voluntary USDA inspection, state or tribal inspected facilities that adhere to USDA regulations, and custom exempt facilities that adhere to USDA regulations.

As reflected in the public comments to AMS–TM–21–0058, Investments and Opportunities for Meat and Poultry Processing Infrastructure, 86 FR 37728 (July 16, 2021), access to capital through loans was identified as a need for small and mid-sized meat and poultry processors.

This program will expand access to financing for meat and poultry processing in the near term and will build financing capacity longer term.

This program will facilitate access to affordable capital to address the ongoing need for meat and poultry processing enterprises in America’s rural and urban communities, as there are no geographic restrictions.

All applicable program requirements in their entirety can be found in this notice.
Agency: Department of Agriculture

Office: Rural Business-Cooperative Service

Estimated Funding: $75,000,000


Who's Eligible





Obtain Full Opportunity Text:
MPILP Program Web Site

Additional Information of Eligibility:
The intermediary must be domiciled in a State and be one of the following types of entities: (1) A private nonprofit corporation; (2) A public agency; (3) An Indian Tribe or Tribal Entity; or (4) A cooperative.

Full Opportunity Web Address:
https://www.rd.usda.gov/mpilp

Contact:


Agency Email Description:
MPILP Questions

Agency Email:


Date Posted:
2022-05-27

Application Due Date:


Archive Date:
2022-08-24




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