USDA Guaranteed Loans

Whether you're launching a startup, need working capital for your business or you're purchasing a building, a B&I Loan could be your solution.

• Longer term debt with no balloon payments
• Construction to permanent loans available
• Startup or projection-based deals are allowed

Loan Amounts

• Up to $25 million

Maximum Repayment Terms

• 7 years for working capital
• 15 years for machinery and capital equipment
• 30 years for real estate acquisition

Rate Information

• Variable and fixed interest rates are available, or a combination of fixed and variable
• Variable rates cannot be adjusted more frequently than quarterly

Eligible Uses

• Business acquisitions, construction, conversion, expansion, repair, modernization, and development
• Purchase of equipment, machinery, and supplies
• Business startup costs and working capital
• Projects supported by New Markets Tax Credits
• Debt refinancing under certain conditions
• Acquisition or construction of real estate

Collateral Requirements

• All loan products require collateral
• Hazard insurance is required on collateral (equal to the loan amount or depreciated value, whichever is less)

REAP provides financing for both efficiency and generation programs that help provide energy security for our country.

Eligible Applicants

• Located in a rural area
• For-profit or non-profit businesses

Terms

• Loan amounts up to $25 million
• Loan term up to 30 years
• Loans up to 75% of costs

Eligible Uses

• Development and installation of a renewable energy system, including solar, renewable natural gas, biomass and other renewable energy systems.
• Funds can also be used for the purchase and installation of energy efficiency equipment and improvements for an existing business or property. This may include improvements in HVAC efficiency, insulation, and lighting.

Benefits

• Longer term debt with no balloon payments
• Can underwrite merchant offtake, or post-PPA transactions
• Equity can include investment tax credit (ITC) funds
• Can include construction-to-permanent funding

The USDA’s Water and Waste program helps communities maintain their aging water and waste infrastructure.

Eligible Applicants

• Public bodies
• Non-profit organizations
• Federally recognized tribes

Terms

• Loan amounts up to $50 million
• Loan term up to 40 years
• Loans up to 100% of costs
• Can be structured as bonds or loans

Eligible Uses

• Construct or improve facilities for drinking water, sanitary sewers, solid waste disposal or storm water disposal 
• Examples include installing new water meters, constructing water towers and storage, and installing water and sewer lines

Benefits

• Longer term debt with no balloon payments
• Faster closing timeline than many public financing options
• Can be structured with equal collateral position as current and future bond financing

Local governments and nonprofits can finance projects that deliver a wide range of necessary services to the public.

Eligible Applicants

• Public bodies
• Non-profit organizations
• Federally recognized tribes

Terms

• Loan amounts up to $100 million
• Loan term up to 40 years
• Loans up to 100% of costs
• Can be structured as bonds or loans

Eligible Uses

• Construct or improve an essential community facility including:
• Hospitals and health care facilities
• Fire, rescue, and public safety
• Community, public, education, or cultural facilities
• Transportation facilities such as streets, bridges, and roads
• Rural utility projects
• Telecommunications end-user equipment
• The purchase and installation of renewable energy systems for use by the community facility
• Water infrastructure
• Community parks and activity centers that are integral to the orderly development of the community
• All facilities must be for public use

Benefits

• Longer term debt with no balloon payments
• Faster closing timeline than many public financing options
• Can be structured with equal collateral position as current and future bond financing