USDA Business & Industry Loan Program

Eligible uses include (but are not limited to):

• Business conversion, enlargement, repair, modernization, or development.
• The purchase and development of land, buildings, and associated infrastructure for commercial or industrial properties.
• The purchase and installation of machinery and equipment, supplies or inventory.
• Debt refinancing when such refinancing improves cash flow and creates jobs.
• Business and industrial acquisitions when the loan will maintain business operations and create or save jobs.

Guaranteed loan funds may NOT be used for:

• Lines of credit
• Owner-occupied and rental housing
• Golf courses or golf course infrastructure
• Racetracks or gambling facilities
• Churches or church-controlled organizations
• Fraternal organizations
• Lending, investment, and insurance companies
• Agricultural production, with certain exceptions ⁽¹⁾
• Distribution or payment to a beneficiary of the borrower or an individual or entity that will retain an ownership interest in the borrower.

^{(1) Agricultural production is eligible only if the project is vertically integrated, ineligible for USDA Farm Service Agency (FSA) farm loan programs assistance, and it is part of an integrated business also involved in the processing of agricultural products. Commercial nurseries, forestry, and aquaculture operations are eligible without these restrictions.}

Interest rates change frequently, and repayment terms may vary, so it's best to work with a Commercial Loan Officer to obtain a custom quote for a USDA Business & Industry Loan.