Revolving Fund Program
Last verified by NonDilute: 2026-06-08. Official notice and agency instructions control.
If you operate a non-profit or private lending entity serving rural water systems, this grant capitalizes your revolving loan fund to finance community infrastructure at scale.
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What this is
The Revolving Fund Program, administered by the U.S. Department of Agriculture's Rural Utilities Service, awards grants to qualified private and non-profit entities to establish or expand revolving loan funds. These funds then provide low-cost financing to eligible borrowers for water and wastewater infrastructure needs, including pre-development studies, emergency equipment replacement, and modest service expansions. This is infrastructure lending capital, not direct project grants—applicants must be intermediaries willing to on-lend to rural communities. Success requires experience in rural lending or water utility operations.
Who can apply
Eligible applicants are qualified private entities and non-profits able to establish and manage a revolving loan fund for rural water and wastewater projects. Applicants must demonstrate capacity to on-lend to eligible entities (typically rural municipalities, cooperatives, or districts) and comply with USDA/RUS requirements. See Additional Information section for full eligibility details.
Eligible applicant types
- Others (see text field entitled "Additional Information on Eligibility" for clarification)
Full description — from the agency
This program provides grants to qualified private, non-profit entities to capitalize revolving funds for the purpose of providing financing to eligible entities for pre-development costs associated with proposed water and wastewater projects or with existing water and wastewater systems, and short-term costs incurred for replacement equipment, small-scale extension of services, or other small capital projects that are not part of the regular operations and maintenance activities of existing water and wastewater systems.
Topics: rural water infrastructure · wastewater financing · revolving loan fund · usda rural utilities · water system grants · pre-development funding
Public-source funding discovery only. This summary is generated from public agency data and may be incomplete or stale. NonDilute is not affiliated with, endorsed by, or acting on behalf of any government agency. Official notices and agency instructions control. NonDilute does not determine eligibility, provide grant-writing advice, or guarantee funding.