Program Name: Business and Industry Loan Guarantees
Organization: United States Department of Agriculture – Rural Development
Address: 2118 W. Part Court, Suite A, Champaign, IL 61821
Phone: 217-403-6200
Briefly Describe the Purpose of the Program
Year Program Established:
Eligibility Requirements or Restrictions
Open to: Banks, savings and loans institutions, farm credit banks, credit unions. Businesses receiving loan guarantees must be in rural areas with populations of 50,000 or fewer. (Lenders can be located anywhere in the U.S.)

Terms and Conditions: : Loan terms negotiated between the lender and the borrower, not to exceed 40 years. Maximum loan amount is $25 million.

Application Deadline: Rolling basis
Application Guidelines:
Funding Cap Per Application or Fiscal Year Program Funding:
How Must Funds Be Used:
Funds can be used for business expansion, acquisition, modernization, purchase and installation of machinery and equipment, supplies or inventory. Debt refinancing, with certain restrictions, and working capital.