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USDA
$750,000 $10,000,000
PROGRAM DETAILS
Business Eligibility
- For-profit business
- USDA Business & Industry guaranteed loans are available to eligible businesses & investment properties in rural areas
- Multi-Industry properties eligible
- Loan amounts from $100,000 – $2,000,000
- Minimum 1.20 1.35x DSC
- Up to 80% Financing
- Rates fixed & floating
- Up to 30 years amortization fully amortized
- Prepayment penalty flat 5% for 5 years other options available
- Recourse - Customize entities to fit customers needs
- Supplemental financing available
- Loan closings typically 45 days, rush transactions possible in 30 days
- Expand / acquire a new business
- Purchase , construct, or expand commercial real estate
- Leasehold improvements
- Refinance available