; and (2) during the first 5 years of the term of the debenture, the rural business investment company shall not be required to make payments with respect to the interest that accrues on the debenture. (d) Memorandum of understanding The Secretary may enter into a memorandum of understanding with the Administrator of the Small Business Administration— (1) to carry out this section; and (2) to carry out outreach activities to promote application under subsection (a) to— (A) rural business investment companies; and (B) rural communities. . 4. Business and innovation services essential community facilities Section 306(a) of the Consolidated Farm and Rural Development Act ( 7 U.S.C. 1926(a) ) is amended by adding at the end the following: (27) Business and innovation services essential community facilities The Secretary may make loans and loan guarantees under this subsection and grants under paragraphs (19), (20), and (21) for essential community facilities for business and innovation services, such as incubators, co-working spaces, makerspaces, and residential entrepreneur and innovation centers. .