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Business and Industrial Loans Benefits

Program Description

The purpose of the Business & Industrial (B&I) Guaranteed Loan Program is to improve, develop, or finance business, industry, and employment and improve the economic and environmental climate in rural communities. This purpose is achieved by bolstering the existing private credit structure through the guarantee of quality loans which will provide lasting community benefits.

General Program Requirements

A borrower may be:
  • An individual
  • A cooperative organization, corporation, partnership, or other legal entity organized and operated on a profit or nonprofit basis
  • An Indian tribe on a Federal or state reservation or other Federally recognized tribal group, or
  • A public body.
A borrower must be engaged in or proposing to engage in a business that will:
  • Provide employment
  • Improve the economic or environmental climate
  • Promote the conservation, development, and use of water for aquaculture, or
  • Reduce reliance on nonrenewable energy resources by encouraging the development and construction of renewable energy systems.
Individual borrowers must be citizens of the United States or reside in the U.S. after being legally admitted for permanent residence. Corporations or other non-public body organization-type borrowers must be at least 51 percent owned by persons who are either citizens of the U.S. or reside in the U.S. after being legally admitted for permanent residence. B&I loans are normally available in rural areas.

Your Next Steps

The following information will lead you to the next steps to apply for this program.

Application Process

Complete loan applications should be sent to the USDA Rural Development State Office for the project location.

Program Contact Information

For a list of offices and additional information, please visit the Agencies and Offices state map.

For more information please visit the Business and Industrial Loans information page.