Loan program
USDA Business & Industry (B&I) loan guarantees
USDA Rural Development guarantees on loans to businesses in eligible rural areas, including agribusiness and commercial real estate used by the business.
The USDA Business & Industry Guaranteed Loan Program helps lenders extend credit to businesses in eligible rural areas by guaranteeing a portion of the loan. It can support agribusiness, manufacturing, processing, hospitality and other enterprises that create or save rural jobs.
Eligible uses commonly include
- Purchase, construction or improvement of business real estate
- Machinery and equipment
- Working capital
- Business acquisitions (when jobs are retained or created)
- Certain debt refinancing
Considerations
The project must be located in an eligible rural area as defined by USDA. Guarantee percentages, fees and loan limits are set by USDA and can change; check current program rules. This is a business loan program, not a home loan.
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Educational information only. Not legal, tax, municipal-advisory, investment or lending advice, and not an offer or commitment to lend or to issue bonds. District rules, thresholds and timelines vary by state and municipality; consult bond counsel and qualified advisors. Calculator outputs are illustrative estimates, not quotes or approvals.
Globus Capital Advisors
Considering USDA Business & Industry?
Globus Capital Advisors, a commercial loan broker, works with bank, agency, CMBS, debt-fund, SBA and bond-market lenders and can tell you whether this structure fits your deal.