USDA Business and Industry Loan
The USDA Business & Industry Loan Guarantee program is a special program that provides credit backed by the United States Department of Agriculture to rural businesses. The program is only available to businesses in rural areas, meaning that they are located in a city with a population of under 50,000 people. USDA Business & Industry loans can be used for a variety of purposes including: business expansion, purchase of equipment, purchase of land, buildings or facilities, and debt refinancing. The term of the loan varies from 7 to 30 years depending on the purpose of the funding. The maximum loan amount is generally up to $10 million, but you can receive up to $25 million on an exception basis from a USDA Administrator. To qualify for a USDA B&I loan, your business must have a debt service coverage ratio of 1.25, a credit score of at least 680 and a business credit score of 145. There is no time in business requirement to apply for a USDA B&I loan, however, new enterprises will be required to submit a feasibility study. Currently, USDA B&I loans have some of the lowest rates available, ranging from 6%-9% If you would like to find out more about how a USDA B&I loan can help your business, fill out our commitment free application and our USDA specialist will get in touch with you shortly.
While applying for a USDA loan wonâ€™t provide you with instant funding like some of the other funding options we offer, REIL Capital can ensure the process goes as quickly as possible.Â While REIL Capital does not directly provide USDA Industry loans, we are able to broker these loans and help you through the process. As with every other type of funding we provide, when we broker for you, we make the process quick, easy, and transparent.
When we broker your loan, weâ€™ll tell you which documents you need to provide and facilitate your application as much as possible.Â To apply for a USDA Business and Industry loan, youâ€™ll need to fill out an eSign application, provide 3 months of business bank statements, a solid business plan, business profit and loss statements, and a business balance sheet.
You can qualify if you have at least $100,000 in annual revenue, youâ€™ve been in business at least 3 years, your credit score is at least 680, your business score is at least 145, and you have no bankruptcies, outstanding liens, and no outstanding judgements.Â The USDA may request additional information from you, but weâ€™ll keep you posted on any such requests and help you get together the necessary documentation.Â This option is not instant like some of our other funding options, but it does have some other advantages; namely affordable monthly payments, longer payment terms, and lower interest rates, making them perfect for a wide range of businesses.
USDA Business Loans â€“ Instant Online Application
At REIL Capital, we make it easy for you to secure funding for your small business.Â In addition to all the other ways to apply for quick financing online, we also allow you to apply for USDA Loans – the process is quick and easy!Â Weâ€™ll tell you which documents youâ€™ll need to apply, and do everything we can to facilitate your USDA loan you need as quickly as possible.
The REIL Advantage
When you apply for USDA loan options withÂ REIL Capital, not only will you receive a high quality, US-backed loan, youâ€™ll also get the REIL Advantage, which means youâ€™ll have the benefit of our impeccable customer service and support.Â Our goal is to make it easier than ever for small business owners to get funding they need, and as a family owned and operated business, we know exactly how much your business means to you.Â Weâ€™ve made a commitment to offering fast, easy, and cost-effective access to the funding for you to grow your business and take care of everyday expenses. Whether youâ€™re applying for USDA loans through REIL, or dealing with us directly for a merchant cash advance, invoice financing, equipment financing, asset based lending, or fix and flip funding, youâ€™ll receive the same level of excellent service we give to everyone we do business with.
As small business owners ourselves, we know you donâ€™t have time to waste applying for funding through traditional banks.Â REIL Capital has streamlined the entire application process and put it online.Â Thatâ€™s why you can fill out our instant application online and quickly receive a call from one of our Capital Specialists who will go over all the various funding options we offer and help you select the one that will work best for you.Â In some cases, one of our quick financing options like merchant cash advances or invoice financing may be the right choice; in other cases, USDA loans might make more sense because of their longer terms and higher borrowing limits.Â No matter what your situation, you can trust REIL Capital to help you make the best decision for your business.
Weâ€™re focused on buyer education and transparency, so you can feel secure throughout the entire process knowing that weâ€™re working for you.Â Deciding between USDA loans, equipment financing, or any of the other funding options available through REIL Capital can be difficult, so we want you to have as much information as possible before you make a decision that could affect you for years to come.Â We also make sure to protect your sensitive data throughout the entire funding process, so when you fill out our instant online application, you know your financial information will be secure.
If our brokered USDA loans, SBA loans, or any of our other funding options look desirable to you, get in touch with REIL Capital today to get the process started!Â Fill out our online application, call our customer support staff at (888) 601-REIL, send an email to , or chat live with a representative right here on our website!Â No matter how you choose to communicate with us, customer service representatives will be standing by to tell you all about the various funding options we offer.Â Donâ€™t wait; your business needs funding now!Â Contact REIL Capital today and you could have the funding you need sooner than you think.