|
|
 |
<--Back
Rural Development Loans
The rural development
loan was designed to improve, develop, or finance business, industry,
and employment and to enhance the economic and environmental climate
in rural communities. Our experience with these types of loans will
expedite the approval process, and help you get your project underway.
Advantages
- Improved cash flows - By extending amortizations to reflect actual useful life, the USDA B & I program provides companies with greater liquidity and flexibility.
- Long-term committed financing - No Balloons! Businesses can enjoy the safety and security of knowing that they have a dedicated partner and financing structure.
- Long-term fixed rates - With current rates historically low, businesses can take advantage of a long-term fixed rate option on their USDA loan, supplying them with protection from a rising rate environment.
Eligibility
- Businesses located in communities of up
to 50,000 people
- Priority is given to businesses located in communities
of 25,000 or less
- Maximum loan amount is $10 million per borrower.
Visit the USDA website at www.rurdev.usda.gov/rbs/busp/bprogs.htm
|
