USDA B&I Loans

Maximize Your Rural Business Potential

Business conversion, enlargement, repair, modernization, or development.
The purchase and development of land, buildings, and associated infrastructure for commercial or industrial properties.
The purchase and installation of machinery and equipment, supplies or inventory.
Debt refinancing when such refinancing improves cash flow and creates jobs.
Business and industrial acquisitions when the loan will maintain business operations and create or save jobs.

Lines of credit.
Owner-occupied and rental housing.
Golf courses or golf course infrastructure.
Racetracks or gambling facilities.
Churches or church-controlled organizations.
Fraternal organizations.
Lending, investment, and insurance companies.
Agricultural production, with certain exceptions (1).
Distribution or payment to a beneficiary of the borrower or an individual or entity that will retain an ownership interest in the borrower.

Individual borrowers must be citizens of the United States or reside in the U.S. after being legally admitted for permanent residence.
Private-entity borrowers must demonstrate that loan funds will remain in the U.S., and the facility being financed will primarily create new or save existing jobs for rural U.S. residents

The lender, with Agency concurrence, will establish and justify the guaranteed loan term based on the use of guaranteed loan funds, the useful economic life of the assets being financed and those used as collateral, and the borrower’s repayment ability. The loan term will not exceed 40 years.
Rates will be negotiated between the lender and borrower.
Loan amounts up to $40,000,000 depending on program
Loan loss guarantee provided to lender for 80% of loan loss for loans closed in 2024.

Rural areas not in a city or town with a population of more than 50,000 inhabitants.
The borrower’s headquarters may be based within a larger city, as long as the project is located in an eligible rural area.
The lender may be located anywhere in the United States.
Projects may be funded in either rural or urban areas under the Local and Regional Food System Initiative.
Check eligible addresses for Business Programs .