USDA Rural Development – Business and Industry Guaranteed Loans

The B&I program provides loan guarantees for expansion and preservation of jobs in rural areas.  

Who can apply? A borrower may be a cooperative organization, corporation, partnership, or other legal entity organized and operated on a profit or nonprofit basis

Criteria: Business and industrial acquisitions when the loan will keep the business from closing, prevent the loss of employment opportunities, or provide expanded job opportunities; Business conversion, enlargement, repair, modernization, or development; Purchase and development of land, easements, rights-of-way, buildings, or facilities; Purchase of equipment, leasehold improvements, machinery, supplies, or inventory.

Review and Approval: The total amount of agency loans to one borrower must not exceed $10 million. The administrator may, at the administrator discretion, grant an exception to the $10 million limit for loans of $25 million under certain circumstances. The Secretary may approve guaranteed loans in excess of $25 million, up to $40 million, for rural cooperative organizations that process value-added agricultural commodities.

Contact: USDA Rural Development at