USDA’s SPUR Program Wants More Meat Processing—With Guaranteed Loans
Published Date: 10/27/2026
Notice
Summary
Starting October 27, 2026, ranchers and processors can apply for guaranteed loans to boost American meat, poultry, and seafood processing through the SPUR program. The USDA sets new fee rates and loan guarantee percentages for fiscal year 2027, helping lenders support projects that grow and diversify processing capacity. Funds and technical help are ready, but act fast—applications close when money runs out!
Analyzed Economic Effects
4 provisions identified: 3 benefits, 0 costs, 1 mixed.
$5B in SPUR Guaranteed Loans Opens
Starting October 27, 2026, ranchers and processors may submit electronic applications for guaranteed loans under the SPUR program. At least $5 billion in loan level is being made available beginning in Fiscal Year 2027, and applications will be accepted until those funds are exhausted.
What Projects Qualify for SPUR Loans
SPUR guaranteed loans may be used to establish, reopen, retrofit, expand, or improve Meat, Poultry, or Seafood processing facilities. Loans may support projects in rural or urban areas because the program has no geographic restrictions.
FY2027 Guarantee Fees and 90% Coverage
For FY2027 the Agency set these terms for SPUR loans: guarantee fee 3%, periodic retention fee 0.55%, loan guarantee percentage 90%, and fee for issuance of the Loan Note Guarantee prior to construction completion 0.5%. Lenders must hold a minimum of 10% of the total loan amount.
Technical Assistance Funds for Processors
USDA is making funding available for technical assistance through providers who are experts in meat, poultry, and seafood processing and business planning to support SPUR applicants.
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Key Dates
Department and Agencies
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