USDA Launches Loan Guarantee Program to Create More Market Opportunities, Promote Competition and Strengthen America’s Food Supply Chain

[Newsbot]

WASHINGTON, Dec. 9, 2021 – U.S. Department of Agriculture (USDA) Secretary Tom Vilsack today announced USDA is deploying $100 million under the new Food Supply Chain Guaranteed Loan Program to make available nearly $1 billion in loan guarantees; these loan guarantees will back private investment in processing and food supply infrastructure that will strengthen the food supply chain for the American people.

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