Years ago, the USDA recognized the capital challenges faced by rural employers and entrepreneurs and developed an innovative solution. Known for its agricultural support and regulation, the USDA created plans to strengthen rural economies and enhance the quality of life in these areas. By acting as a guarantor, the USDA addressed the concerns of traditional lenders and facilitated easier access to capital in rural markets.
Today, USDA Rural Development manages an impressive $234 billion loan portfolio, a fact that many are unaware of. Casillas Capital Partners Inc. has a growing network of lenders that actively participate in lending for several USDA loan programs, including USDA Rural Energy for America Program (USDA REAP), USDA Community Facilities (USDA CF), and USDA Business & Industry (USDA B&I).
USDA Loan Program Chart
Understanding the differences between various USDA Business Loan programs is key to finding the right fit for you and your clients. Refer to our comprehensive loan program chart to gain a clear understanding of each program.
Defining USDA Business Loan Programs
The USDA Rural Development Program comprises five distinct loan programs. Among the most popular options are the USDA B&I Loan, USDA CF Loan, and USDA REAP Loan. To simplify eligibility determination, we have created a comprehensive decision tree for your convenience.
Prequalify Today
Since these loans are guaranteed by the USDA, we follow USDA guidelines for prequalifying your business. A discounted collateral equal to or exceeding your desired loan amount is required.
Additionally, USDA Rural Development loan programs are specifically designed for rural communities with populations of less than 50,000. An existing company must have a net worth of at least 10%, while startups require a net worth of 20%.
Each USDA loan program has different maximum loan amounts, ranging from $25 million to $100 million. If these factors align with your circumstances, you may be eligible for a USDA-guaranteed loan.
Take the first step towards securing a USDA Business Loan by exploring our website or contacting us today. Our team at Casillas Capital Partners is here to guide you through the process and help you access the capital needed to thrive in rural communities.