USDA B&I Guaranteed Loan
The USDA B&I Guaranteed Loan for Commercial Real Estate was created to improve, develop, and finance businesses and industries within rural communities identified by the USDA. Population of the city must be 50,000 people or less. Fixed rate loan with 80% LTV Financing available. Borrow $500,000 to $20,000,000
Who Qualifies for a USDA B&I Guaranteed Loan?
The USDA B&I Guaranteed Loan for Commercial Real Estate is available for cooperative organizations, corporations, partnerships, and an individual. There is a minimum loan amount of $500,000 and a maximum loan amount of $20,000,000.
The proposed business for the USDA B&I Guaranteed Loan must meet the following qualifications:
- Create Jobs
- Cause a positive impact on the local economy
- Conserve natural resources including water
- Promote and use solar and other renewable energy systems
Use of funds
The funds obtained from an USDA B&I Guaranteed Loan for Commercial Real Estate can be used for businesses such as:
- Hotels (existing or to build)
- Franchise Restaurants
- Office Buildings
- Gas Stations
- Day Care
- Medical Office
- Plus many other “for profit” businesses!