The US Department of Agriculture (USDA) Business and Industry (B&I) Guaranteed Loan Program is designed to increase economic development in rural areas.
Economic stimulus
B&I guaranteed loans provide a source to improve, develop or finance business, industry and employment in rural communities of 50,000 or fewer residents. The Bancorp lending team works closely with the USDA to provide financing and expert guidance in the requirements for B&I loans.
Eligible borrowers may include
For-profit businesses
Non-profit organizations
Public agencies
Individual borrowers
Uses
Business expansion/repair/modernization
Business and industrial acquisitions
Commercial real estate purchase
Heavy equipment and machinery
Start-up costs and working capital
Loan details
Loan amounts:
Up to $10 million for most ventures
Some exceptions up to $25 million or more
Terms:
7 to 30 years depending on loan use
Maximum LTV ratio
Down payment
Real estate
80%
20%
Equipment/machinery
70%
30%
Explore loan uses
Commercial real estate financing
From special-use facilities to multi-purpose properties to land purchase, we offer commercial real estate financing tailored to your business venture.
If you need to replace, expand or acquire new equipment, The Bancorp can help you secure the right financing to keep your business operating at maximum efficiency.
Building or refitting a facility takes careful planning and the right financing plan. Our construction loan team helps you develop a blueprint for success.