date:Apr 22, 2014
der USDA's guidelines, it cannot invest more than a tenth of the fund, or $15 million, in a single enterprise.
Although the new fund has similarities to venture capital more commonly used in urban areas to fund promising startups, here you're talking about established small businesses that are further along in their growth, said Jim Roberge, senior vice president for commercial lending at Farm Credit Services of America, one of the eight Farm Credit System lenders investing as limited partners