& Industry Loans
$2 Million - $25 Million
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.
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 multifamily units, 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.
Commercial Real Estate
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.
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.