NAC CEO Joseph Rowell unpacks how the USDA’s Business & Industry (B&I) Loan Program benefits business owners and local communities through government-guaranteed loans specifically earmarked for businesses in rural locations.
USDA B&I Loans
USDA Business & Industry Loan Program
From North Avenue Capital
This loan program empowers entrepreneurs and entities of all sizes with loans from $2 million to $25 million, so long as they operate in communities of 50,000 or fewer.
Home › Loan Program Overview › USDA Business & Industry Loans
Flexible Lending Options
for Your Rural Business
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 B&I Loan Program empowers entrepreneurs and entities of all sizes with loans of up to $25 million, so long as they operate in communities of 50,000 or fewer.
LOAN DETAILS
- $2 Million - $25 Million Loan Amounts
- Up to 30 Year Terms
- Serving 97% of America
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Business & Industry Financing 101
We’re proud to serve all types of customers.
Hospitality
Food Production
Entertainment
Manufacturing
Sports & Recreation
Healthcare
Winery & Vineyard
Retail & Restaurant
Commercial Real Estate
Timber & Lumber
USE OF FUNDS
Our customers use the funds from our loan programs for many different projects, such as:
Defining Rural:
97% of America
Many of our clients are often pleasantly surprised to learn that our lending services are exclusively dedicated to rural America—a revelation that becomes even more intriguing when they realize their own business or entity falls within this category.
Astonishingly, 97% of the U.S. landmass is classified as rural, suggesting a vast array of opportunities for businesses and organizations operating in these areas.
If you’re curious about your eligibility for USDA loans, you can quickly check if your address qualifies, thus potentially unlocking financial support and growth opportunities for rural American communities.
Learn More Details About the USDA B&I Loan Program
Why Now Is the Time for Your Business to Refinance with a USDA or SBA Loan
Businesses nationwide could benefits from refinancing existing debt, after the Federal Reserve recently lowered interest rates.
FAQs
USDA B&I Loan is one of many names you will hear brokers, financial subsidiaries, and owners use in the industry. USDA B&I stands for USDA Business & Industry Loan. It is one of the five loans under the USDA Rural Development Program umbrella. USDA B&I Loans from North Avenue Capital start at $2 million and have a dynamic maximum of $25 million. More ways you will see USDA B&I Loans said in the market is simply a USDA Business Loan or a USDA Commercial Loan. The USDA Rural Development Program is the sister program of the Small Business Loan Program or SBA Loan Program.
- Hotels/RV parks
- Family entertainment centers to include movie theaters, bowling alleys, go-kart tracks, waterparks, amusement parks
- Oil and gas – gas station or gas refinement, etc. (no exploratory efforts)
- Waste removal services and landfills
- Commercial real estate properties (owner-occupied or tenant-occupied)
- Wineries, vineyards, distilleries
- Bars, restaurants
- Dentists, healthcare
- Hydroponic farms
- Manufacturing facilities
- Industrial facilities
- Grocery Stores
- Textile manufacturing
- Event venue/wedding venues
- Landscaping, nurseries
- Timber/lumber yards
- Fabrication companies
- Bio testing facilities/labs
- Pharmaceuticals
- And more
The USDA defines ‘rural’ by the 2020 Census, meaning a lot of areas that are in question, actually could be considered ‘rural.’ Did you know that 97% of America’s landmass is considered ‘rural’ by this definition? Check out our Map online!
North Avenue Capital (NAC) finances projects of $2 million and higher. Our average loan size as of 2022, is $13 million.
Yes! We fully fund the loan from start to finish and service the loan for the life of the loan.
Yes! NAC can lend for refinancing, acquisition, start-up businesses, new construction loans, etc. We also can add working capital to a refinance, if applicable.
Reach out! The sooner the better. Reach out via online chat, over the phone directly, or send an email to [email protected].