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Preview: Business Financing

Rural Business Loans


Rural Business Loans

If your business is located in a rural community, you might consider the the U.S. Department of Agriculture (USDA) has a Business and Industry (B&I) Guaranteed Loan Program.


The purpose of the B&I Guaranteed Loan Program is to improve, develop, or finance business, industry, and employment and improve the economic and environmental climate in rural communities. This purpose is achieved by bolstering the existing private credit structure through the guarantee of quality loans which will provide lasting community benefits. It is not intended that the guarantee authority will be used for marginal or substandard loans or for relief of lenders having such loans.

How does the B&I Guaranteed Loan Program compare to the Rural Energy for America Program Guaranteed Loan and Grant?
To assist you in determining which program best fit your needs this comparison chart identifies the programs common and distinct requirements in an easy to read format.

Who May Borrow?
A borrower may be a cooperative organization, corporation, partnership, or other legal entity organized and operated on a profit or nonprofit basis; an Indian tribe on a Federal or State reservation or other Federally recognized tribal group; a public body; or an individual. A borrower must be engaged in or proposing to engage in a business that will:

  1. Provide employment;
  2. Improve the economic or environmental climate;
  3. Promote the conservation, development, and use of water for aquaculture; or
  4. Reduce reliance on nonrenewable energy resources by encouraging the development and construction of so...
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