Manufacturing Loans | North Avenue Capital - NAC

Manufacturing Loans


USDA Business
& Industry Loans

$2 Million - $25 Million

Loan Amounts

Populations of

50,000 or Fewer

NAC-Funded Manufacturing Projects

As an owner or affiliate of a manufacturing or production company, you’re well-acquainted with the trade’s ever-changing demands. Fluctuations in capital needs occur frequently, and manufacturing loans provide essential funds with which to fulfill shifting project requirements, such as procuring inventory or paying employees while waiting for your own invoices to be paid.

To that end, North Avenue Capital (NAC) offers USDA-backed Manufacturing Loans that provide cash for operations and enable unceasing production. We understand what it takes to start, build, and grow a business because we are a small business ourselves. We provide Manufacturing Loans for all types of growing businesses, construction projects, and startups.

Mini Case Study: Versatech, LLC

Versatech, LLC, a manufacturing, engineering, and consulting service company based in Central Illinois, found North Avenue Capital via a fortuitous introduction. Having narrowly navigated the economic downturn that worsened around the time of the company's launch, Versatech needed a long-term financial partner to help stabilize the company and lay a foundation for fulfilling its vision.

Today, Versatech employs more than 100 employees."Without the USDA loan and NAC's help, we probably wouldn't be here as a company, so all of the people out in the shop wouldn't have jobs. For us, the impact has been life-changing." Joe Forbes, Partner and Co-CEO described.

Watch the video for the full story.

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Manufacturing Loans


The USDA funds much more than manufacturing.

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

USDA B&I Loans for Nonprofits


USDA B&I Loans for Family-Owned Businesses


USDA B&I Loans for Acquisitions


USDA B&I Loans for Startups


USDA B&I Loans for Refinances


USDA B&I Loans for Manufacturing Businesses


USDA B&I Loans for Retail Businesses


USDA B&I Loans for Entertainment Businesses


USDA B&I Loans for Hospitality Businesses


USDA B&I Loans for Construction


USDA B&I Loans for Commercial Real Estate

Commercial Real Estate


For expert advocacy in manufacturing, 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 manufacturing and production 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.

USDA Rural Eligibility Map Updated October 2023