How To Apply For Cup Loan Program

The Cup Loan Program is the surest way to get low-interest rates loans to finance your public facility project. You can get as much as a $10,000 loan with a flexible repayment plan if you apply for it. In this article, we are going to detail the Cup Loan Program, and how to apply. So read carefully through the entire piece to understand the various ways to apply as well as the stages involved in the application. 


Commercial loans are easy to get however, they come with strict terms especially high interest rates and short repayment times. This makes it difficult for public facilities to get them. This situation has become a thing of the past with the introduction of the Cup Loan Program by the United States Department of Agriculture. 

With this program, you can easily get funds to finance public facilities at low-interest rates. And you are given up to 40 years to pay back the loan. The loan can be used to construct new buildings, repair existing projects, equip them, and so much more. If you want to be a part of it, then you should apply. See how to apply for the Cup Loan Program as you continue reading. 


Cup Loan Program How To Apply


There are three methods of applying for the Cup Loan Program. You can do that online and in person. The online method is divided into two types. All of these are aimed in the same direction. So, irrespective of the method you opt for, if you are eligible and your documents are complete, you will get the loan. See how to use each of the methods below. 

How To Apply For A Cup Loan Program In-Person


This method is as simple as anything you can think of. All that it entails is for you to work up to the USDA Rural Development office close to you. There you can make all inquiries. You will also be given the forms to fill and after filling them, you are allowed to submit them there. If you do not know where the USDA Rural Development office is located in your area, click on this link to find it

How To Apply For Cup Loan Program Online


You can apply for the Cup Loan Program online in two ways. The first is through the approved online portal while the second way is by sending an email to the USDA Rural Development office. Let’s look at them in detail below. 

Through The Online Portal: after preparing all the necessary documents for the application as you will learn in the next section, proceed to the USDA online portal. Here, you will need to create an account where all your documents will be submitted. You will also be able to manage your online account yourself. This is the easiest way to apply for the program. Click on this link to apply online.

Through Email: You can also apply for the program online by sending your application package or documents through email. This method, however, demands that you visit the office before proceeding. This is because the email address will only be made available to you after ascertaining your eligibility. 

Stages Of Cup Loan Program Application


To apply for the Cup Loan Program, you have to go through several stages. Each stage requires the submission of some document. Therefore, to successfully get the loan, you must follow the following steps. 

Stage 1: Contact the USDA Rural Development office in your area. You can do this online or by visiting the office in person as we explained earlier. You can get the office address by visiting the USDA official website or simply using your Google Maps. The workers at the office will give you all the necessary guidelines for the application. 

Stage 2: After that, you will be required to submit some documents. These documents are important because the government will thoroughly assess them before approving your application. Some of the required documents are 

  • A detailed letter that describes your projects as well as your intention for the loan. It should also include the scope of the project, its cost, location, etc. 
  • A report that shows the architectural framework of your project.
  • An engineering report on the location of the project
  • A feasibility report that shows your financial plans in other to determine your ability to repay the loan while it exists.
  • A legal permit from the judiciary that permits you to borrow funds for the execution of projects. 

Stage 3: Next, you will be given several forms including Form RD 1942-46, Form RD 1940-1, Form RD 1942-51, etc to fill. Fill them all correctly and proceed to the next stage. 

Stage 4: Now proceed to submit all the documents that you have compiled from stages one to three. The submission can be done in any of the three ways explained in the previous section (how to apply for the Cup Loan Program above). 

Stage 5: this is the approval stage. Here, all the documents that have been submitted will be thoroughly assessed by the Cup Loan officials. You might be contacted to provide additional information when needed. If, however, you have passed this stage successfully, you will get an approval email. Note that the approval stage could take a few months to be completed.

Stage 6: Finally, if you are approved, you will have to read through the terms and conditions of the loan before the funds will be disbursed to your bank account. 

Eligibility Requirements For The Cup Loan Loan Program


After you have seen how to apply for the Cup Loan Program, it is important to know the eligibility criteria otherwise known as the qualifications for the program. To qualify for the loan, you must meet the following requirements. 

  • The loan is available to only public facilities like schools, hospitals, libraries, community centers, parks, etc. 
  • Your facility must be located in a rural area.
  • The population of the area where the facility is located must be at least 2,000 people. 
  • Your facility must be serving or aim to serve people who fall into the middle household income level and must not be above the poverty line. 
  • Your facility must preserve the cultural and historic values of the environment where it is located.
  • Must not constitute environmental hazards. 

Pros And Cons Of The Cup Loan Program.



  • Long repayment time
  • Low interest rates
  • Large loan amount
  • Straightforward application process.


  • Available to only public facilities
  • Strict eligibility criteria
  • Long application process
  • The approval period takes a long time.

What Are The Interest Rates Of The Cup Loan Program?


The interest rates of the Cup Loan Program vary from one project to the other. The variation depends on several factors such as the middle household income of the area where your facility is located, the availability of funds, etc. However, the current interest rate is between 2.375% and 3.875%. 



The Cup Loan Program is a welcome development, especially for its large loan amount and low-interest rate. We have detailed how to apply for it in this article. I hope you will start your application after now. Note that there are several fake Cup Loan Programs on the internet. Apply only through the official website so as not to fall victim to scammers.