Looking for a USDA Commercial loan? Wondering if you qualify? Look no further! Our USDA loan specialists at North Avenue Capital, LLC (NAC) will determine if USDA loans are right for your financing needs and if you are eligible for this type of loan.
The USDA Business & Industry (B&I) Loan Program is a loan program designed to help credit-worthy rural businesses obtain the needed capital to grow and create jobs in their local communities. Do you qualify?
Businesses that qualify for a USDA business loan include for-profit businesses, nonprofits, cooperatives, federally recognized tribes, public bodies, and individuals.
Also, to qualify, individual borrowers must be U.S. citizens or live in the United States after receiving permanent residence status. Private-entity borrowers must demonstrate that loan funds will remain in the United States and the facility being financed will focus on creating new or saving existing jobs for rural U.S. residents.
For eligibility, a key geographic and demographic criteria must be met in order to qualify for the USDA B&I Loan Program: business headquarters must be located in cities/towns with a population of less than 50,000. This qualifies them in a rural area of the United States, which makes up nearly 97% of land.
Not sure if your business is within the eligible area? North Avenue Capital’s USDA Business Loan Eligibility Map makes it quick and easy to run a project address to find out today. Our company is one of the few companies/banks with this state-of-the-art eligibility map. Most find it easy to maneuver to find the information they need without even picking up the phone.
As you view the map, take note that the white areas are eligible areas for USDA B&I Loans and shaded (red) areas are ineligible areas for USDA B&I Loans. Our eligibility map is here to allow you to look up addresses with ease. If you have any questions, let our loan specialists know by hopping on the chat feature on our website or giving us a call at 866-526-4950! We welcome any and all questions.
Don’t stress out about your eligibility for a USDA loan, our USDA loan specialists at North Avenue Capital, LLC (NAC) will determine if these USDA loans are right for your financing needs and if you are eligible.
At NAC, we provide capital to empower American business growth. NAC is the only specialized commercial lender that exclusively lends USDA B&I Loans nationwide. It’s all we do, and we have built relationships and rapport with the USDA to get the deals to the finish line. We offer competitive interest rates, flexible terms, and high LTVs.
We are uniquely positioned to dive deep into your business, develop an understanding of your key objectives, and assist in preparing a USDA financing package that executes on your vision for growth and expansion.
NAC possesses a genuine interest in partnering with you to enhance your business, create jobs in local communities, and identify opportunities to improve environmental conditions for the next generation of entrepreneurs.
We have experience starting, building, and operating successful businesses across multiple industries, and are committed to forming lasting partnerships, not just closing loans.
Because NAC is a non-traditional, private lender, we can provide our borrowers with the terms that fit their financial needs.
NAC is a specialized commercial lender committed to excellence in every aspect of the debt-financing process with a focus on partnership, communication, and execution. As one of the only non-bank, private-investor lenders in the country exclusively focused on USDA Rural Development programs, NAC uses its expertise, capital, and relationships to build businesses, grow local economies, and create jobs in rural America.
Want to talk to one of our USDA business loan specialists?
We have office locations in Arkansas, Tennessee, Texas, Georgia, Nevada, and Florida, but we are not limited by geographic location like many rural-oriented financial institutions and can partner on projects in all 50 states.