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USDA B&I Loan Features
Affordable, Long-term Financing that Builds Businesses and Communities
With a USDA B&I loan from Celtic Bank, you can get up to $10M in financing with an USDA for your rural-based business. Created by the U.S. Department of Agriculture, Business & Industry (B&I) loans help rural businesses get financing at competitive rates and longer terms so they can continue to grow and create more jobs.
You can use these funds to expand your business, refinance debt, upgrade equipment, start ground-up construction, and more.
Have a project that requires more than $10M in funding? We may be able to blend SBA, USDA and conventional funds to meet the scope of bigger business projects.
- Up to $10M in funding
- Up to 90% loan-to-value
- Rates at, or below prime +2.75%
- Terms of up to 30 years
USDA B&I LOAN ELIGIBILITY
Is Your Area Eligible for an USDA B&I Loan?
The biggest qualifier for getting a USDA loan is the location. The business to be financed must operate in an area designated as rural by the USDA. The USDA defines "rural" as any city or town with a population of under 50,000. Map sourced from https://eligibility.sc.egov.usda.gov/, 2020.
Apply now to see if you're eligible
APPLY NOWUSDA B&I LOAN USES
Funding Business Acquisitions and Beyond
Businesses are not the only organizations that are eligible for USDA B&I funding. Unlike most SBA loans, rural nonprofits and municipal facilities are eligible to apply for an USDA B&I loan. A B&I loan enables rural businesses, nonprofits and city services to thrive by giving them the funds to:
Expand, repair, modernize or build new buildings or facilities
Purchase and develop land, easements, rights-of-way
Purchase of equipment, machinery, supplies, or inventory
Make leasehold improvements
Refinancing debt on the condition new jobs will be created
Acquire businesses and industrial facilities if the loan will keep the business from closing and/or save or create jobs
ORGANIZATIONS ELIGIBLE FOR USDA B&I LOANS
Get USDA B&I Financing for Your Business, Non-profit or Municipality
Businesses in many different industries have qualified for asset-based financing. Below are just some of the businesses Celtic Bank has helped.
Car Wash Financing
Expand your wash, upgrade equipment, solve off-season cash flow issues & more.
Testimonials
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