Purchasing Real Estate, including land and buildings
New Construction or Renovations
Providing Capital for Business Expansions
Providing Financing for the purchase of Equipment, Machinery, materials and supplies
Who Qualifies for the SBA 7A Loan
Operate for profit
Be considered a small business, as defined by SBA
Be engaged in, or propose to do business in, the United States or its possessions
Have reasonable invested equity
Use alternative financial resources, including personal assets, before seeking financial assistance
Be able to demonstrate a need for a loan
Use the funds for a sound business purpose
Not be delinquent on any existing debt obligations to the U.S. government
Documents that are needed to be filled out and submitted to begin the Application process
Borrower information form which is the SBA 1919 Form
Personal Background form 912
Personal Financial Statement form 413
Business Financials ( Profit & Loss Statements and Projected Financial Statements
Tax Returns (Business & Personal)
Resumes of all owners
Current Business Debt Schedules
USDA Loan Programs
Business & Industry Program (B&I)
The USDA B&I loan program helps small businesses by providing financing up to 25M million to create jobs and stimulate rural economies
Loans are provided in rural areas and towns with populations less than 50,000. The borrower’s headquarters may be based within a larger city as long as the project is located in an eligible rural area. Projects should produce new job opportunities for local residents and make positive impacts on the local environment or economy.
Loan Amounts from 2 Million to 25 Million
7- 30 Year Loan Terms
Loan Must be made in areas with populations less than 50,000
Competitive Government Backed Rates
Commercial Hard Money Loans
Common uses of the USDA B&I Loan
Working Capital
Buying a Business in a Rural Area
Small Business Expansions
Commercial Real Estate purchases
The Purchase of Essential Business Equipment
The Purchase of Inventory
Refinancing of Current Business Debt
Who Qualifies for a USDA B&I Loan
For-profit or nonprofit businesses
Cooperatives.
Federally-recognized Tribes.
Public bodies
Individuals engaged or proposing to engage in a business.