Since its founding, TelPlexus, Inc.™ has offered its customers assistance with the Rural Development Utilities Program (RDUP) or RUS loan program. The company's founder and a great number of the staff have been involved with the program for most of their careers.
The RDUP Program:
The Rural Broadband Access Loan and Loan Guarantee Program is a program offered by the Rural Development Utilities Program (RDUP) to encourage deployment of broadband telecommunications services to rural America. The primary goal is to ensure that rural consumers enjoy the same quality and range of telecommunications services that are available in urban communities.
This program will provide loans for the construction, improvement, and acquisition of facilities and equipment to provide broadband services to eligible rural communities.
No, almost anyone can participate, including cooperative, nonprofit, limited dividend or mutual associations, limited liability companies, Indian tribes, and commercial organizations. State or local governments will be eligible for a broadband loan only if no one else has committed to offer broadband services to a particular rural community before May 2003.
This program will offer three types of loans: Direct cost-of-money, Direct 4 percent, and Private lender.
Yes, provided that the community to be served does not already have broadband services. If the incumbent telephone companies are not offering broadband services and no one has made a prior commitment to construct a broadband system, these funds can be used to overbuild a community.