USDA Rural Business and Industry Loan Guarantee Program
USDA-backed loan guarantee for businesses in rural areas, with priority for tribal and minority-owned enterprises.
About this program
The USDA Business & Industry Loan Guarantee Program improves the economic health of rural communities by increasing access to business capital through loan guarantees. The program backs up to 80% of qualifying loans made by participating lenders to businesses in eligible rural areas, including federally recognized tribes and for-profit minority-owned businesses. Loans can finance business acquisition, working capital, equipment, real estate, and refinancing.
Eligibility
For-profit or nonprofit businesses, cooperatives, federally recognized tribes, and public bodies located in rural areas (generally populations under 50,000). Tribal entities and minority-owned businesses receive priority consideration.
Requirements
- Confirm business is in a USDA-eligible rural area
- Identify a participating lender
- Submit financial and project documentation through the lender