The USDA Business & Industry (B&I) loan helps rural businesses, nonprofits, cooperatives, and public bodies access affordable financing with lower rates and longer terms. Funds can be used to build or renovate facilities, purchase equipment, acquire a business, refinance debt, or support working capital, strengthening both your operations and your community.
USDA B&I loans are available to a variety of rural-based entities, including:
For-profit businesses
Nonprofit organizations
Cooperatives
Federally recognized tribes
Public bodies
Individuals engaged in business operations
Location Requirement: Borrowers must be located in an eligible rural area, generally defined as a community with a population of 50,000 or less.
USDA B&I loan funds can be used for a wide range of purposes, including:
Purchasing or developing land, buildings, or commercial real estate
Renovating or modernizing existing facilities
Buying machinery, equipment, or technology
Funding working capital
Refinancing existing debt to improve cash flow
Business acquisition or expansion
Loan Amounts: Typically range from $200,000 to over $25 million
Repayment Terms:
Up to 30 years for real estate
Up to 15 years for equipment
Up to 7 years for working capital
Interest Rates: Competitive fixed and variable rates
Guarantee Fee: Typically around 3% of the guaranteed portion; may be financed into the loan
Choosing Phoenix means you’re getting more than just a lender. You’re gaining a partner dedicated to your success. Our team of USDA lending specialists understands the unique challenges rural businesses face and knows how to navigate the complexities of government-guaranteed financing.
If you need capital sooner, we also offer bridge lending to keep your plans moving forward while your USDA loan is finalized. Our approach blends deep program expertise with personal attention, so you never feel like just another file on a desk.
From the first conversation to the final closing, we guide you through each step with clear communication, practical solutions, and a focus on getting your project funded as quickly and efficiently as possible.