Notice of Funding Opportunity for the Timber Production Expansion Guaranteed Loan Program for Fiscal Year 2024

The Rural Business-Cooperative Service (RBCS or Agency), a Rural Development (RD) agency of the United State Department of Agriculture (USDA), announces the acceptance of applications and availability of funding under the Timber Production Expansion Guaranteed Loan Program (TPEP) for fiscal year (FY) 2024. These guaranteed funds will be made available to eligible lenders to make loans to eligible borrowers seeking to establish, reopen, retrofit, expand, or improve a sawmill or other wood processing facility, in close proximity to a unit of United States Forest Service (USFS) National Forest System lands, including Indian forest land or rangeland, identified as high priority or very high priority on the map accessible using the following link: www.arcgis.com/apps/dashboards/ 5d6d9d9922a8486f83d51d40835f1870. This program will have in excess of $200 million available beginning in FY 2025 utilizing funding provided under the Infrastructure Investment and Jobs Act. All applicants are responsible for any expenses incurred in developing their applications.