To promote the formation and growth of small businesses in rural areas and assist in the economic development of such areas.

Rural Small Business Enhancement Act of 1990 - Title I: Loan Programs - Amends the Small Business Act to direct the Administrator of Small Business to make loans to rural economic development entities which must use them for: (1) the creation and expansion of business concerns; and (2) rural small business incubators. Prescribes lending guidelines. Authorizes appropriations....