USDA Rural Development’s Business and Industry Loans

Capitol National Bank also offers USDA Rural Development’s Business and Industry loans.

The USDA Business and Industry Loans may be used for:

  • Construction of new facilities
  • Purchase of land and building
  • Purchase of machinery, equipment, fixtures
  • Leasehold improvements
  • Working capital
  • Business Acquisition

USDA eligibility criteria:

  • Rural cities of up to 50,000 population
  • 20% Tangible Net Worth for new businesses, and 10% for existing
  • Borrower must have adequate collateral coverage

Benefits of the USDA program for the borrower:

  • Generally longer terms
  • Can be used for startups
  • Smaller equity injection possible
  • Allows financing for rural communities

For more information email us or call 517.484.5080

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