Funding for the RD Rural Development Guaranteed loan program are now available as of September 8th, 2010.
This is good news but you must keep in mind that it will take them at least a week to obligate the loans they currently have on conditional commitments. Then they can underwrite new loans. But. ... for how long??
The funds are only good until September 30th. That is the end of fiscal Year 2010. Funds for FY 2011 still require appropriation. That could take until December or January. Very best would be November 2010.
This is a smoke screen at best. They could have redistributed these funds back in June. Why didn't they??