USDA B&I Loans & Lending PROGRAM DETAILS
Commercial Finance Partners is proud to help qualified businesses work toward their goals of improving, developing, and providing a source of employment for rural communities.
The USDA B&I Guaranteed Loan Program improves the economies of rural communities by increasing access to affordable financing for eligible businesses in rural areas. Loan proceeds can be used for real estate acquisition (owner occupied or investor real estate), business acquisition, business expansion, equipment purchases, and debt refinancing when refinancing improves cash flow and creates or saves jobs for rural U.S. residents.
USDA B&I Loan Program Details:
- Loan Amounts between $500K to $25MM
- Rates Between - 6% and 9%
- Term 7 years to 30 years (depending on collateral offered)
- Must be located in the US and must be in a rural area (defined as having a population of less than 50,000)