North Avenue Capital touts itself as “America’s Rural Lender,” but that’s not just a clever tagline. It’s a title that the Northeast Florida based lender has earned due to its noteworthy accomplishments and contributions in rural lending.
NAC is dedicated to supporting rural communities and businesses through its unique focus on USDA Rural Development Loans (OneRD), a government-guaranteed lending program designed to benefit businesses and entities in rural communities. The firm actively lends to three OneRD programs: USDA Business & Industry Loan Program (USDA B&I), USDA Community Facilities Loan Program (USDA CF), and USDA Rural Energy for America Program (USDA REAP).
For four consecutive years, North Avenue Capital has ranked as one of the top four commercial lenders in the USDA Rural Development Loan space. In those four years, NAC has been named the #1 lender for USDA B&I Loans twice. The company was second overall in USDA Rural Development loan production for 2023, and NAC fully expects 2024 to be another promising year.
What do these rankings mean? NAC consistently lends more money to rural businesses than its competitors. These remarkable achievements highlight NAC’s unwavering commitment to rural America. After all, rural businesses are choosing NAC more often than other USDA lenders.
Let's delve into the three key factors that set North Avenue Capital apart and see why it deserves to be called America’s Rural Lender.
North Avenue Capital's dedication to rural America makes its title as "America's Rural Lender" well-earned. Its exclusive focus on USDA Rural Development Loans, nationwide reach for USDA Business Loans, and two-time recognition as the #1 USDA B&I Lender underscores NAC’s dedication to rural communities and businesses across the U.S.
As NAC continues to support economic growth and revitalization in rural areas, its reputation as a trusted partner and lender will undoubtedly grow, solidifying the company’s status as America's premier rural lending expert. Find out for yourself why rural businesses nationwide continue to choose North Avenue Capital.
*Information in this blog article updated February 2024 based on October 2023 USDA Guidelines.