USDA BUSINESS LOAN PROGRAMS

Purpose of Loan

• Purchase or construction of real estate, machinery and equipment plus working capital

Size of Loan

• Up to $5 million

Cash Injection Requirements

• 10 to 20% minimum cash equity depending on the project

Terms of Loan

• 7 to 30 years fully amortized, at competitive rates

Loan Fees

• Bank loan fee

• B&I Guaranty Fees are up to 2% of loan amount depending on loan size

Qualifying Requirements

• Adequate cash flow

• Minimum 10% tangible net worth

• Acceptable credit history

Loan Turnaround Times

• 10 business days for Bank approval upon receipt of complete package

• 45-60 days funding from date of USDA guaranty approval

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