USDA Business & Industry Loan

Purchase and development of land, buildings, and associated infrastructure

The purpose of the U.S. Department of Agriculture (USDA) Business and Industry (B&I) Guaranteed Loan Program is to improve the economic and environmental climate in rural communities through the development, improvement, or financing of business, industry, and employment. The program provides guarantees on loans made by private lenders to eligible rural borrowers of up to 60, 70, or 80 percent, depending on loan size.1 Loans eligible for the B&I program guarantees are generally limited to a maximum of $10 million per borrower, although in some circumstances larger loan amounts may be approved.2 System banks are eligible to participate in the B&I program.

LOAN DETAILS

WHO CAN APPLY?

WHAT ARE THE BORROWING RESTRICTIONS?

WHAT IS CONSIDERED AN ELIGIBLE AREA?

How can guaranteed loan funds be used?

EXAMPLES OF ELIGIBLE USES INCLUDE:
GUARANTEED LOAN FUNDS CANNOT BE USED FOR:

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