[Shokunin_America]

The USDA is a contract, not a loan.

[Ehenek]

USDA
Rural Business - Cooperative
Programs
Purpose


Amount of Assistance
Fees
Eligible Applicants


Eligible Areas


Authorized
Use of Funds


Rates & Terms

Equity
Required
Important key points to know
Business & Industry Guarantee

B&I Guaranteed Loan
Provide an incentive for business lending that will save & create jobs in rural areas 80% loan guarantee

Loan max
$25MM

(Co-Ops can go up to $40MM) G-Fee: 3% at closing

Construction LNG Fee: 0.50% at closing

Renewal fee: 0.50% Lender applies on behalf of:

For Profit
Non-Profit
Cooperative
Public Bodies
Tribes Areas outside the urbanized edge of cities of >50,000 population Real estate

Machinery & equipment

Working capital,

Refinancing Rate variable or fixed – determined by Lender.

Term Max:
30 Yrs
Based on use of funds or collateral Existing Bus: 10%

New Bus w/sales contracts: 10%

New Bus with Construction: 25%

New Bus no construction: 20% Business must have strong equity & collateral.