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SBA and USDA B&I Financing

SBA Loan Programs

The Small Business Administration (SBA) is a government agency that provides financial support to small businesses located across the country. The SBA makes a guarantee or promise to cover a portion of the lender’s losses, if a borrower defaults on their loan, thus reducing the risk for lenders. This allows the lender the ability to make loans to businesses to which they would otherwise not lend.

The SBA 7(a) and 504 loan programs provide benefits to new and existing business owners including long-term financing, improved cash flow, and fixed interest rates. These loan programs can be used to finance start-up businesses, business acquisitions, partner buyouts, single-purpose real estate properties, nonconforming real estate properties, working capital, and long-term capital expenditures.

SBA 7(a)

  • Loan amounts from $350,000 to $5,000,000
  • 5% equity injection
  • Variable and fixed rates
  • Ground-up construction and existing structures

SBA 504

  • Loan amounts greater than $5,000,000
  • 10% equity injection
  • Blended variable and fixed rates
  • Ground-up construction and existing structures

USDA Business & Industry (B&I) Loan Program

This program is a government-backed loan program designed to help credit-worthy rural businesses across the US obtain needed capital to grow and create jobs in their local communities. Qualifying borrowers include for-profit and non-profit businesses, cooperatives, individuals, and more. In addition, the primary borrowing entity must be headquartered in a population of less than 50,000 to qualify as Rural America. Common business or industries that utilize the USDA program include family-owned companies, family-entertainment centers, hotel and hospitality, manufacturing, wineries and vineyards, healthcare, and renewable energy.

  • Loan amounts from $2,000,000 to $20,000,000
  • Loan terms up to 30 years
  • Property eligibility < 50,000 population

 

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