U.S.A.
Based Clients Only
Business & Industry Direct & Guaranteed Federal
Loan Programs
$350,000 to $25 Million |
B&I
Direct Loans: Up to $10 Million:
The Business & Industry (B&I) Direct Loan Programs
makes loans to Public and Private entities loans to
Public and Private Entities who cannot obtain credit
from other sources. Loans to Private Entities can be
made for improving, developing, or Financing Business
and Industry creating jobs and improving the economic
and environmental climate in rural communities suffering
fundamental physical or economic stress. |
B
& I Guaranteed Loans: Up to $25 Million:
Higher Loan Amounts, Lower Interest Rates and Longer
Repayment terms assist businesses that may not qualify
for Conventional Financing and helps create jobs and
stimulates rural economies by providing Financial backing
for rural businesses. |
- Rapid Commitment and Closing
- High Degree of Flexibility
- Lower interest rates Fixed & Variable
tied to Prime
- Repayment terms up to 30 Years
- Loan to Value up to 90%
- No Balloon
- No Prepayment Penalties
- Closing Costs can be Financed
|
Eligible
Borrowers:
Any legally organized entity including Corporations,
Partnerships, Cooperatives, Trusts or any
Other profit and non-profit entity and Indian Tribes
or Federally recognized Tribal Groups. |
Eligible
Areas:
Rural areas other then cities or unincorporated areas
of 50,000 or more people and their immediately adjacent
urban or urbanizing areas. Priority is given to rural
communities of 25,000 people or less. |
- Business & Industrial Acquisitions,
construction, conversion, Repair, modernization, or
development cost
- Purchase of Equipment & Machinery
- Start-up costs and working capital
- Processing & Marketing Facilities
- Pollution control & abatement
- Refinancing for viable projects
|
- Working Capital, 7 Years
- Machinery & Equipment, 15 Years (or
useful life)
- Real Estate, 30 Years
|
