Did you know the United States Department of Agriculture offers guaranteed loan programs for businesses through their USDA Business and Industry loan program? This program provides long term financing on commercial real estate in smaller, rural communities with a maximum loan amount of up to $25 million.

Advantages for choosing a USDA Business and Industry Loan:

• No "credit available elsewhere" requirement so lenders benefit from a guarantee which means they are more likely to lend on your project.
• Longer loan terms help lower your monthly payments. Terms are up to 30 years on commercial real estate.
• No size standard criteria for applicants means eligible applicants can vary from individual applicant to a publicly traded company.
• No minimum owner occupancy requirement for borrowers acquiring or refinancing real estate. Unlike SBA lending, investment properties such as retail or office lease are eligible.
• Higher loan amounts available up to $25 million.
• Only one loan for multiple purposes such as real estate acquisition, equipment refinance, ect. and loan fees are considered eligible project costs.

Call me today to discuss if a USDA B&I loan is right for your business. If you have an address for the business, I can let you know if it qualifies for this type of loan. USDA B&I loans may not be a good fit for your unique situation. An SBA or conventional loan may work best for your needs. Reach out to me today to go over your next commercial project or business acquisition. I can be reached at (912) 682-1012 or email me.

Best Regards,

Greg Ponder