Southeast Missouri State University

Intermediary Relending Program (IRP)

The purpose of the IRP program is to alleviate poverty and increase economic activity and employment in rural communities. Under the IRP program, loans are provided to local organizations (intermediaries) for the establishment of revolving loan funds. These revolving loan funds are used to assist with financing business and economic development activity to create or retain jobs in disadvantaged and remote communities. Intermediaries are encouraged to work in concert with State and regional strategies, and in partnership with other public and private organizations that can provide complimentary resources.

What types of projects are eligible?

IRP funding may be used for a number of purposes but to be eligible, ultimate recipients must be located in a rural area. Under the IRP, a rural area is any area that is not inside a city with a population of 25,000 or more according to the latest decennial census. Some examples of eligible projects are:

  • The acquisition, construction, conversion, enlargement, or repair of a business or business facility, particularly when jobs will be created or retained.
  • The purchase or development of land (easements, rights of way, buildings, facilities, leases, materials)
  • To purchase equipment, leasehold improvements, machinery, supplies
  • Startup costs and working capital
  • Pollution control and abatement
  • USDA
  • Transportation Services
  • Feasibility studies
  • Hotels, motels, B&Bs, convention centers

Please contact us for more information

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