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USDA Rural Development Business
and Industry (B&I) Loan
Chances are you haven't even heard of a B&I loan. That's
because USU Charter Credit Union is one of the few Utah
lenders to make use of this program.
B&I loans can be used for:
- Facility construction, expansion, repair and modernization
- Equipment purchase
- Start-up costs
- Working capital
- Refinancing (subject to certain conditions
Benefits include:
- Extremely low interest rates
- Up to 30 year financing for real estate
- Lower guaranty fee (as compared to SBA)
- Ability to make larger loans than available through SBA
If you're looking for a large, long term, low interest rate loan this may be the financing for you! Call us for a free consultation.
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