Rural Access to Capital Act of 1989

Rural Access to Capital Act of 1989 - Title I: Public and Private Rural Partnership Fund - Establishes the Rural Partnership Fund as a revolving fund in the Treasury to provide loans to specified public or private entities for capital, loan guarantees, or training, or technical assistance to businesses in rural communities which otherwise cannot obtain credit. Authorizes appropriations.

Directs the Administrator of the Small Business Administration (the Administrator) to conduct a nationwide loan competition for which eligible loan applicants must submit economic development workplans. Requires an applicant to demonstrate through a financial partnership agreement with private sector financial entities that it is prepared to make loans to, or investments in, eligible rural businesses. Requires the Administrator to monitor how recipients administer such loans.

Mandates that a loan recipient place all funds into a revolving fund it administers. Limits the amount that may be provided to an eligible business from such fund.

Title II: Microbusiness Loan and Technical Assistance Fund - Establishes as revolving funds in the Treasury the Microbusiness Loan Fund and the Microbusiness Technical Assistance Fund to provide: (1) loans to public and private lenders to microbusinesses; and (2) grants to public and private entities which have existing technical assistance programs. Limits the amounts of such loans and grants. Outlines a nationwide competition process under which a loan or grant applicant must submit an economic development workplan. Requires the Administrator to monitor the use of such loans and grants for compliance with this Act. Requires that a loan recipient place all funds into a revolving fund it administers. Limits the amount that may be provided to an eligible microbusiness from such fund.

Title III: Transfer of Small Business Lending Company Status - Requires the Administrator to approve a qualified transferee as a Small Business Lending Company within a specified time frame.

Title IV: Reports - Requires the Secretary of Agriculture to submit to certain congressional committees an analytical report on the impact on rural communities of laws that affect the supply of an agricultural commodity produced in the United States.