USDA Business and Industry Loan Program

USDA Business and Industry Loan Program

  • Businesses, public bodies, cooperatives, and nonprofits in rural areas
  • Rural areas include towns and cities with 50,000 or fewer population
  • Approved loan uses include acquisitions, equipment purchases, debt refinancing, job creation
  • Lenders include federal and state banks, farm credit banks, and credit unions
  • Interest and principal payments are deferred for three years

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