USDA B&I LOANS
Alliance Business Capital offers USDA B&I Loans in USDA designated eligible areas as a Commercial Loan Intermediary. Our preferred minimum loan amount is $1MM however we will look at deals down to $500K.
The property must be located in a USDA Eligible Area. In addition, the USDA has to have funds available in their budget or funding can be delayed until their new budget year.
Alliance will work with both the USDA and our Lending Partner to make obtaining a USDA B&I Loan for your busine as streamlined as possible. Typical closing time on a USDA B&I Loan is 120 days from your acceptance of a loan proposal.
USDA B&I Loans Information
Alliance Business Capital can assist on USDA B&I Loans up to $10,000,000
Acceptable Use of Proceeds on a USDA B&I Loan:
- B&I Loans may involve acquisitions, construction, conversion, repair, modernization or debt refinance
- Loan proceeds can be used for real estate acquisition and/or improvements, machinery, equipment, furniture, fixtures and working capital
- Closing costs and guarantee fees are also eligible
Questions about a USDA B&I Loan
Alliance understands how to put a USDA B&I Loan Package together to make obtaining an Approval of your loan request a much easier process. Our Bank Business Partners are ready to fund USDA B&I Loans originated by Alliance Business Capital.
If you have any questions about a USDA B&I Loan, please contact us.