USDA Business & Industry Loans (B&I)

You're working hard to make the local community a better place; have someone in your corner, working just as hard for you. As a USDA Business & Industry Loan provider, we assist qualified businesses with their plans to improve, develop, and provide a source of employment for local surroundings.
Take advantage of government-backed, accommodating lending for business and industrial acquisitions, conversions, and several other business needs.
  • Aimed to improve development in rural areas by improving, developing, or financing business, industry, and employment
  • Specialty financing for qualifying businesses, guaranteed by the USDA
  • Competitively low rates for a wide range of business needs:*
  • Business and industrial acquisitions
  • Business conversion, enlargement, repair, modernization, or development
  • Purchase and development of land, equipment, machinery, supplies, or inventory
  • Collateral is required of sufficient value
  • $10 million dollar standard maximum**
  • Real estate repayment terms up to 30 years
  • Machinery and equipment repayment will not exceed the useful life of the purchase or 15 years, whichever is less
  • Working capital repayment terms up to 7 years
  • Focused, customized attention from start to finish
*Subject to credit approval.
**The Secretary may approve guaranteed loans in excess of $25 million, up to $40 million, for rural cooperative organizations that process value-added agricultural commodities.

Who May Borrow?

A borrower may be a cooperative organization, corporation, partnership, or other legal entity organized and operated on a profit or nonprofit basis; an Indian tribe on a Federal or State reservation or other Federally recognized tribal group; a public body; or an individual. A borrower must be engaged in or proposing to engage in a business that will:
  1. Provide employment;
  2. Improve the economic or environmental climate;
  3. Promote the conservation, development, and use of water for aquaculture; or
  4. Reduce reliance on nonrenewable energy resources by encouraging the development and construction of solar energy systems and other renewable energy systems.
Individual borrowers must be citizens of the United States (U.S.) or reside in the U.S. after being legally admitted for permanent residence. Corporations or other nonpublic body organization-type borrowers must be at least 51 percent owned by persons who are either citizens of the U.S. or reside in the U.S. after being legally admitted for permanent residence. B&I loans are normally available in rural areas, which include all areas other than cities or towns of more than 50,000 people and the contiguous and adjacent urbanized area of such cities or towns.