The purpose of the USDA Business and Industry Loan Guarantee program is to improve, develop, or finance business, industry, and employment in rural communities.
Qualifying applicants include:
- For-profit businesses
- Nonprofits and cooperatives
- Federally-recognized Tribes and public bodies
Organizations financed under this program must be located in rural areas under 50,000 in population and non-urbanized areas. The program provides businesses with a loan guarantee with up to 80% on loans for existing businesses with a maximum loan amount of $5 million. This loan program will finance businesses with working capital, machinery, equipment, and fixtures and commercial real estate.