Meat and Poultry Intermediary Lending Program

 

Grants can be made to intermediaries to facilitate financing to qualified ultimate recipients. Eligible ultimate recipient projects involve the start-up or expansion of meat and poultry processors to increase processing capacity and help create a more resilient, diverse, and secure U.S. food supply chain.

Active 10.382 Rural Business-Cooperative Service, Department of Agriculture B - Project Grants Not applicable. Public Law 117-103
Section 751 of the Consolidated Appropriations Act of 2021. An Eligible Intermediary must be domiciled in a state and be one of the following entity types: 1) private nonprofit corporation, 2) public agency, 3) Indian Tribe or Tribal Entity, or 4) a cooperative. An ultimate recipient must be a legal entity in a State organized as a cooperative organization, corporation, partnership, or other legal entity organized and operated on a for-profit or nonprofit basis; an Indian Tribe or Tribal Entity; a public body; or an individual. Additional requirements listed in the Notice. An Eligible Intermediary must be domiciled in a state and be one of the following entity types: 1) private nonprofit corporation, 2) public agency, 3) Indian Tribe or Tribal Entity, or 4) a cooperative. Preapplication coordination is not applicable. 2 CFR 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards applies to this program. Intermediaries should download the application documents and requirements delineated in this notice from https://www.rd.usda.gov/mpilp or https://www.grants.gov. There are no specific formats or limitations on number of pages required for an application narrative or packet. Intermediaries who are selected for funding will receive a signed letter of conditions containing requirements necessary to proceed with execution of the award. If the letter of conditions is accepted the Agency will proceed with approving an award. May 20, 2022 to July 18, 2022 November 12, 2022 to December 31, 2022 From 60 to 90 days. From 60 to 90 days. Not applicable. The Agency will use a point system to determine an eligible applicant's priority ranking for available grant funds. Points will be awarded only for factors indicated by well documented, reasonable plans which, in the opinion of the Agency, provide assurance that the work plan items have a high probability of being accomplished. Application content must contain sufficient information to assess the applicant's ability to manage an MPILP revolving loan fund and allow the Agency to assign priority points in accordance with the criteria discussed in this section. The Agency will award points using the criteria identified in the Notice. Grants can be made to intermediaries to facilitate financing to qualified ultimate recipients. Ultimate recipient projects will involve the start-up or expansion of meat and poultry processors to increase processing capacity and help create a more resilient, diverse and secure U.S. food supply chain. Performance Reports: Intermediaries will submit a performance report annually with the first report submitted no later than six months after receiving a grant. The annual report will be submitted annually for fifteen years or the payoff of the last loan made with original grant funds, whichever comes first. Grantees must provide an annual audit in accordance with 2 CFR200.500 - 521. The audit requirements apply to the years in which grant funds are received and years in which work is accomplished. The intermediary will retain financial records, supporting documents, statistical records, and all other records pertinent to the grant for a period of at least three (3) years after completion of the grant period, except that the records must be retained beyond the 3-year period if audit findings have not been resolved or if directed by the Agency. Statutory formula is not applicable to this assistance listing.

Matching requirements are not applicable to this assistance listing.

MOE requirements are not applicable to this assistance listing. Intermediaries have 3 years to disburse the funds. Intermediary will request funds in accordance with ultimate recipient loan requests. None/Not specified. Specialiy Program
Room 5807-S, Stop 3225
Washington, DC 20250 USA
cpgrants@usda.gov
Phone: 2027209519 https://www.rd.usda.gov/mpilp 12-0115-0-1-351 (Project Grants (to capitalize loan funds)) FY 22$200,000,000.00; FY 23 est $199,999,999.00; FY 24 Estimate Not Available FY 21 Estimate Not Available - DO NOT KNOW IF FUNDS WILL BE OBLIGATED FOR 2024. The minimum amount of an award is $500,000 and the maximum is $15,000,000. The Notice is available on grants.gov or on the Agency website at: https://www.rd.usda.gov/programs-services/business-programs/meat-and-poultry-intermediary-lending-program Not applicable.