USDA B&I Loans in Brown’s Valley, CA

USDA B&I Loans in Brown’s Valley, CA

Brown’s Valley, CA is home to a number of small businesses and organizations across a variety of industries. Additionally, there are emerging entrepreneurs looking to launch new businesses to create jobs and grow the local economy. At Rushview Commercial Funding, we offer USDA Business and Industry (B&I) loans to individuals, small businesses, and organizations throughout Brown’s Valley. USDA B&I loans from Rushview Commercial Funding can be used by a wide range of people, businesses, and organizations, including:

  • Cooperatives
  • Entertainment Venues
  • Federally-Recognized Tribes
  • For-Profit Businesses
  • Manufacturing
  • Nonprofits
  • Public Bodies
  • Raw Materials Processing
  • Retail
  • Rural Production
  • Special Event/Wedding Venues
  • Wholesale
  • Wineries

USDA Business and Industry loans are designed for economic growth and sustainability in areas that need adequate financing to preserve jobs and businesses, and to provide funding to create new jobs and help emerging entrepreneurs launch their operations. Rushview Commercial Capital provides USDA B&I loans with high lending limits, generous terms, and ease of accessibility. Our USDA B&I loans for Brown’s Valley, CA feature:

  • Loan amounts up to $25 million
  • LTV up to 80% on loans less than $5 million
  • LTV up to 70% on loans from $5 million up to $10 million
  • LTV up to 60% on loans greater than $10 million
  • Up to 80% FMV for real estate
  • Up to 70% FMV for equipment and machinery
  • Up to 60% of book value for raw inventory and finished goods
  • Up to 60% of book value for receivables

Terms for USDA B&I Loans in Brown’s Valley, CA

 Rushview Commercial Funding offers generous terms for USDA Business and Industry loans in Brown’s Valley, CA. Our terms include:

  • Up to 30 years for real estate
  • Up to 15 years or the full life-cycle of the equipment, whichever is less
  • Up to 7 years for working capital
  • Full amortizations
  • No balloon payments
  • Interest-only payments for the first 3 years

Requirements for USDA Business and Industry Loans in Brown’s Valley, CA

Applicants for USDA B&I loans in Brown’s Valley, CA must meet the following requirements to qualify for approval:

  • The ability to repay the loan
  • Principals must demonstrate good credit history
  • New businesses will be required to provide a feasibility study from a recognized independent source
  • New businesses must hold a balance sheet equity position of at least 20% at the time of closing
  • Existing businesses must hold a balance sheet equity position of at least 10% at the time of closing
  • Corporate and personal guarantees are required from all principals with interest of 20% or greater, with the exception of limited partners

USDA B&I Loan Fees

As with all USDA loans, there are manageable fees that apply to borrowers, including:

  • An initial fee when the loan guarantee is issued.
  • There will be an annual renewal fee on the outstanding balance of the guaranteed portion of the loan that is determined by Rural Development. The determined rate is published in the Federal Register every year.
  • All customary fees are negotiated between the borrower and lender.

Contact Us

To learn more about USDA Business and Industry loans for Brown’s Valley, CA contact the team at Rushview Commercial Funding today.

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