USDA Commercial Loans
The USDA Business and Industry (B&I) Guaranteed Loan Program helps rural businesses to expand and improve by providing financial backing. This program provides guarantees by US Department of Agriculture of up to 90 percent of a loan made by the bank. Loan proceeds may be used to create jobs, improve environment and economic conditions, purchase machinery and equipment, buildings and real estate, and certain types of debt refinancing.
Generally these loans are available to anyone who is United States (U.S.) citizen or reside in the U.S. after being legally admitted for permanent residence and meets minimum credit guidelines and local area income requirements.
Borrower must also contribute towards betterment of the rural community by providing employment, improving economic and environmental climate, or Reduce reliance on nonrenewable energy resources by encouraging the development and construction of solar energy systems and other renewable energy systems.
The total amount of Agency loans to an individual borrower must not go above $10 million. But under special circumstances loan limit can go up to $25 million, or even up to $40 million, for rural cooperative organizations that process value-added agricultural commodities.
Funds can be used in any area contained in the USDA regulations. For example funds can be used for business and industrial acquisitions to prevent the loss of employment opportunities, or provide expanded job opportunities. Borrowers can use the funds to purchase land, buildings, equipment, leasehold improvements, machinery, supplies, or business inventory.
Call us at o: 305.396.3900 or Click the button below to see if you qualify for a USDA Loan.Apply Now
I believed my only choice was to sell off the mixed-use property I inherited at a loss since it required immediate rehabilitation. My fix-and-flip loans from Fast Commercial Capital saved me. In addition to being quick, the fundraising process was simple. My understanding of what I was getting into was fully assured by the team's thorough explanations of all the words. The house needed some work, but I was able to repair it and sell it for a healthy profit. They are really prompt and effective, living up to their reputation!
Ethan Jackson — a month ago
Thank you so much for help, Don and Fast Commercial Capital. You guys were awesome and did exactly what you said you would do. Thanks again!
Theodore Leighton — a month ago
As a small business owner looking to expand, I hit a roadblock with traditional lenders. That's when I stumbled upon Fast Commercial Capital. I needed quick access to working capital for inventory and marketing. Not only did they process my application on process my application on received the funds in less than 72 hours. The team was incredibly responsive and simplified a process that usually gives me a headache. Can't recommend them enough!
Liam Garcia — a month ago
Fast Commercial Capital was a lifesaver for my small business. Don and his team are fantastic. Thanks Team!
Harper Wright — a month ago