Rural Business Loans

If your business is located in a rural community, you might consider the the U.S. Department of Agriculture (USDA) which has a Business and Industry (B&I) Guaranteed Loan Program. B&I loans work in the same manner as SBA loans. The USDA provides guarantees of up to 80 percent of a loan made by a commercial lender. Loan proceeds may be used for working capital, machinery and equipment, buildings and real estate, and certain types of debt refinancing.

The B&I Loan Guarantee Program Fact Sheet provides all you need to know about obtaining one of these loans, including eligibility, loan terms and conditions, equity requirements, and interest rates. Like SBA loans, you need to go through your local bank or financial institution to apply for a B&I loan. If you have any questions about the B&I Loan Guarantee Program or other financial options , contact your state’s Rural Development Field Office.