The United States Department of Agriculture (USDA) established the Rural Development Loan program, also known as the “OneRD Guarantee Loan Initiative” to encourage private lending, investment, and economic development in rural communities across America. This successful program, launched in May 2020 and strengthened and rebranded as...
Read MoreThe USDA Rural Development Business & Industry (B&I) Guaranteed Loan Program was created by the U.S. government to help expand economic opportunities, create jobs and improve the quality of life for millions of Americans in rural areas. Launched in October 2020, the program provides USDA-backed loan...
Read MoreSecuring capital to launch a new business or expand a current is always a challenge. When funds are needed for a business located in or planned for, a rural area, it typically becomes more difficult. And when credit is to be used for new construction in...
Read MoreNorth Avenue Capital (NAC) was founded in Ponte Vedra, Florida, in 2014 by a consortium of entrepreneurial men with an undying faith in the job-creating, community-building power of Rural America. Today, Florida-based North Avenue Capital leads the nation in competitive rural funding, occupying the enviable spot...
Read MoreSecuring commercial loans for refinance, acquisitions and start-ups can be challenging for any business, let alone those in rural settings. The United States Department of Agriculture (USDA) is committed to supporting life in rural communities across America in a variety of ways including encouraging private investment...
Read MoreGood credit is important for most aspects of contemporary living. Lenders evaluate credit scores and other elements to determine one’s history of paying their debts to entities that lend them money. Business loans are no exception. They require a good credit history. This is all the...
Read MoreMany businesses and individuals may be surprised to learn that capital for their existing businesses or start-up ideas are available through the United States Department of Agriculture (USDA). The USDA offers government-backed business loans to borrowers who need funding in areas of “rural” and/or “low populations”....
Read MoreRural businesses occasionally need an infusion of capital to start or grow their operations, but frequently run into issues getting funding from traditional lenders. Many lenders may not understand or desire to work with rural businesses due to their perception that the risk of default is...
Read MoreTaking A Closer Look at Environmental Reports: Understanding Third Party Reports with North Avenue Capital Looking for a USDA Commercial Loan? In order receive these government-guaranteed loans from the USDA through North Avenue Capital (NAC), an application must be submitted on behalf of the borrower for...
Read MoreTaking A Closer Look at Feasibility Studies: Understanding Third Party Reports with North Avenue Capital. The USDA Rural Development Program requires specific third party documentation to be attached in the final application submitted to the USDA. At North Avenue Capital (NAC), we are dedicated to helping...
Read MoreTaking A Closer Look at Appraisal Reports: Understanding Third Party Reports with North Avenue Capital. Knowing the different types of third party reports your business must undergo before it can officially apply for a USDA Business and Industry Loan is an important first step. Those third...
Read MoreSecuring A USDA B&I Loan: A Guide to Understanding Third Party Reports with North Avenue Capital. Obtaining a USDA B&I Loan, or any loan that falls under the USDA Rural Development Program requires a series of reports which fit into the final application to submit for...
Read MoreAs a nationwide provider of rural development loans, NAC is well-positioned to help match the USDA goal of saving and creating jobs in rural areas. TABLE OF CONTENTS: Rural Development Loans: Giving You More Time to be Creative Rural Development Loans: Finding and Receiving Financing...
Read MorePerfecting Your Blend: The Perks of Maturing Your Business With North Avenue Capital At North Avenue Capital, we appreciate the unique set of skills a wine-maker must possess to produce both a great-tasting wine and a prosperous business. Each process is complex and calls for an...
Read MoreUSDA Business Loans, formally referred to as USDA Business and Industry loans, are business loans guaranteed by the U.S. Department of Agriculture (USDA) for small businesses, companies, nonprofits, and other organizations in rural communities. USDA Business Loans are made by lenders (banks or credit unions) to...
Read MoreA USDA eligibility map is used to check your business’ eligibility when applying for a USDA Business & Industry (B&I) Loan. This legend helps business owners apply for a loan that will enhance and expand economic growth opportunities within their rural communities. Those who qualify for...
Read MoreThe purpose of a USDA Business Loan is to help bolster the availability of credit for rural businesses, and to save and create jobs. USDA loans are a great option for some businesses— but not all. To help you decide if this type of loan is...
Read MoreAs with most business industries, the wine and vineyard industry has taken a hit during the COVID-19 pandemic. According to a study published by WineAmerica, the average winery lost $51,201 during the time period of March 15 – April 15. While wineries and vineyards are still...
Read MoreAs an owner of a family entertainment center (or even a future owner), you have been given the unique gift of creating fun, smiles, and memories to communities. In the family entertainment industry, it can be hard to focus on using this gift while you are...
Read MoreOne-of-a-Kind Map Need a USDA Commercial loan? Wondering if you qualify? Not sure if your business is in an eligible area? We are here to make those questions easy to answer. At North Avenue Capital, LLC (NAC) we have developed a USDA Business Loan Eligibility Map....
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