U.S. Department of Agriculture Rural Development: Business and Industry Guaranteed Loan Program

March 10th, 2016 by Marketing Team

  • Nonprofits with adequate cash flow can be considered for financing; refinancing allowed under certain conditions.
  • Applications are generated through commercial banks
  • Primarily targets rural areas with a population of 50,000 or less however
  • Food processing operations that are not rural also qualify
  • Terms are up to 7 years for working capital, 15 years for equipment, and 30 years for real estate.
  • Loans up to $5 million; may be able to go higher. Interest rates vary

Contact Name: Tuana Jones, Business Programs Director

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