1. Short title This Act may be cited as the Butcher Block Act . 2. Assistance for new and expanded livestock or meat processors (a) In general The Secretary of Agriculture (in this section referred to as the Secretary ) may make or guarantee a loan for the purpose of— (1) increasing capacity of livestock and poultry processing, facilitating economic opportunity for livestock and poultry producers through processing activities, and diversifying processing ownership; (2) increasing the customer base or revenue returns of livestock and poultry producers through investment in processing capacity; (3) improving, developing, or financing livestock and poultry processing capacity or employment including through the financing of working capital; or (4) promoting the interstate trade and local sales of processed livestock and poultry by financing improvements to meet relevant Federal, State, and local regulatory standards. (b) Eligibility; general limitations (1) Eligible recipient An entity shall be eligible for a loan or guarantee under this section if the entity is— (A) a public, private, or cooperative organization organized on a for-profit or nonprofit basis; (B) an Indian tribe on a Federal or State reservation, or any other federally recognized Indian tribal group; or (C) an individual. (2) Facility location (A) In general Except as provided in subparagraph (B), a facility constructed, expanded, modified, refurbished, or re-equipped with proceeds from a loan made or guaranteed under this section shall be in a rural area. (B) Exception A facility constructed, expanded, modified, refurbished, or re-equipped with proceeds from a loan made or guaranteed under this section may be in a non-rural area if— (i) the primary use of the loan involved is for the facility, and the facility will increase the customer base or revenue returns of livestock and poultry producers that are located within 300 miles of the facility