Business Financing Programs

What is an USDA Loan?

The U.S. Department of Agriculture guarantees business loans for small businesses, companies, nonprofits and other organizations located in rural communities. Loans are similar in nature to SBA loans.
USDA Business Loans, formally referred to as USDA Business and Industry loans, are business loans guaranteed by the U.S. Department of Agriculture (USDA). These loans are made by lenders, such as banks or credit unions, to businesses in rural areas. A portion of the loan is guaranteed by the USDA. These loans are very similar to Small Business Administration (SBA) loans, but with a focus on promoting small businesses and creating jobs in rural communities.
These loans can be used for:
- Business conversion, enlargement, modernization, development, or repair
- Commercial real estate purchase, development or improvement
- Machinery, equipment, supplies or inventory purchases and/or installation
- Working capital
- Integrated agriculture production or processing facilities
- Debt refinancing when it improves cash flow and creates or saves jobs
- Business acquisition when the loan will create or save jobs

These special government-guaranteed loans provide funding that has been earmarked for rural-area small businesses. We have relationships with dozens of USDA lenders across the country and can help you work through the process of securing financing for any project in a USDA zones.

Loan Amounts

$25,000 - $5MM

How Hard to Get?

HARD

How Fast?

Required to Qualify

Must be a “small business” by SBA’s definition; Must have qualifying amount of equity; Must have been turned down for private funds; Must have high business and personal credit scores; Must intend to use funds for valid business purposes.

Type of Program

USDA LOANS

90-120 days