The Farmers Home Administration makes direct loans to small businesses meeting the rural area criteria in order to create nonfarm employment.

Question

Quizplus · Accepted Answer

The Farmers Home Administration primarily provides loans to farmers and rural residents for housing and farm-related needs, not directly for small business creation for nonfarm employment. The U.S. Small Business Administration (SBA) and USDA Rural Development programs are more directly involved in supporting small businesses in rural areas.

The Farmers Home Administration Makes Direct Loans to Small Businesses