Who's it for?
For-profit businesses, nonprofits, cooperatives, federally recognized Tribes, public bodies, and individuals seeking business loans.
What problem does it solve?
Securing a guaranteed loan or credit structure for your business can be challenging.
How does it help?
The NC USDA Business Loan allows loans for rural businesses and allows private lenders to extend more credit than they would typically be able to.
Eligible uses include but are not limited to: Business conversion, enlargement, repair, modernization, or development; Purchase and development of land, easements, rights-of-way, buildings, or facilities; Purchase of equipment, leasehold improvements, machinery, supplies, or inventory; Debt refinancing when new jobs will be created and other conditions are met; Business and industrial acquisitions when the loan will keep the business from closing and/or save or create jobs.