The USDA – B&I program is for investor and owner-occupied businesses in towns with <50,000 in population. The proceeds can be used for acquisitions, refinance, and construction.

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Program Details:

Loan Amount: $100,000 to $10,000,000

Rates: Start at Prime +2.75 (variable and fixed pricing available)

Terms: 20 to 30-year term / 25 to 30-year amortization

Loan to Value: 75% to 80%

Prepayment: Declining prepayment penalty

Recourse or Non-Recourse: Recourse

 

Program Benefits:

• Higher loan limits than the SBA, allowing businesses to finance more extensive projects.

• Can be used in conjunction with the SBA and other state programs

• It offers longer terms than local banks.

• Promotes business growth in rural America.