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.
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.
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.
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.
Our customers use the funds from our loan programs for many different projects, such as:
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.
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].
Whether you have a project that needs funding, you are a broker with a few deals on your desk, or you are trying to learn more about the USDA Business & Industry Loan Program from NAC, our Loan Specialists are here to help. Fill out the form below and we will get back to you promptly.
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