Commercial Real Estate Loans | North Avenue Capital - NAC

Commercial Real Estate Loans


USDA Business
& Industry Loans

$2 Million - $25 Million

Loan Amounts

Populations of

50,000 or Fewer

The empty storefronts and vacant shells may not look like much at first. But once occupied, commercial real estate can act as a springboard for American ingenuity and entrepreneurialism. In rural America, tenant-occupied spaces play host to entrepreneurial dreams and act as the trading posts of essential goods and services.

When constructed, renovated, or refinanced
amidst populations of 50,000 or fewer, commercial real estate can qualify for competitively priced funding through the USDA’s Business & Industry Loan Program. North Avenue Capital has extensive experience funding such projects in rural towns across the country.

A $17 Trillion Industry with Many Faces

To some, the phrase “commercial real estate” may connote gleaming towers in urban centers. But the $17 trillion category touches just about every corner of industry and enterprise. Commercial real estate can take the shape of office spaces, retail stores, healthcare facilities, hospitality, industrial warehouses, and even self-storage. As such, its importance in rural America is as central to a rural economy as it is in an urban one. Funding a commercial real estate project in a rural area has a unique benefit: competitively priced funding backed by the USDA.


Commercial real estate financing from NAC harnesses a government-guaranteed lending program called the USDA Business & Industry Loan Program. The competitive financing offers funding for projects that traditional banks often decline.

Unlike loans secured through the SBA, the USDA’s Business & Industry Program is available for both owner-occupied and tenant-occupied properties.

USDA B&I Loans can be used to purchase, renovate, or refinance commercial real estate.

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A Program Bigger than Commercial Real Estate

At NAC, our rural lending experts guide applicants through the process in full. The business owners we serve are often surprised to hear that the USDA supports more than agriculture alone. In fact, the USDA Business & Industry Loan Program has nothing to do with agriculture at all. The USDA’s Business & Industry Loan Program provides government-guaranteed loans and grants to rural small businesses of all types. The loan program empowers entrepreneurs and entities with loans of up to $25 million, so long as they operate in communities of 50,000 or fewer.

USDA Business & Industry Loans


USDA B&I Loans for For-Profit Businesses

For-Profit Businesses











Commercial Real Estate


For expert advocacy in commercial real estate financing, Look North.

The NAC team is comprised of savvy investors, experienced bankers, and creative marketers. Each brings a unique perspective to the table, empowering NAC to view each loan from multiple angles. We operate as a united front, working in tandem to offer our customers true partnership from engagement to close. For a true partner in securing funding for a commercial real estate project, Look North.

Defining Rural:

97% of America

Our customers are often surprised to hear that we only lend to rural businesses — and even more surprised to discover they’ve actually been operating one. 97% of the geographic U.S. is considered rural. Find out if your address qualifies in 10 seconds.

USDA Rural Eligibility Map Updated October 2023