NC USDA Business Loans

NC USDA Business Loans

Raleigh, NC
NC USDA Business Loans

Money / Knowledge & Skills

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The Concept

This program bolsters the existing private credit structure through the guaranteeing of loans for rural businesses.

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Who's it for?

For-profit businesses, nonprofits, cooperatives, federally recognized Tribes, public bodies, and individuals seeking business loans.

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What problem does it solve?

Securing a guaranteed loan or credit structure for your business can be challenging.

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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.

Program Overview

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.

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