Chico, Cottonwood, Oroville, Paradise, Redding

USDA 80% BUSINESS LOANS FIXED RATE 30 YEAR, $25,000,000 LIMITS

The United States Department of Agriculture USDA Business and Industry Loan Guarantee Program represents a unique source of funding for those seeking Commercial Loans.

MARKET: Buyer’s and business owners of commercial real estate

LTV: 80-90 percent based upon either startup or existing business status

TERM: Variable and Fixed rates, 7 to 30 year depending on collateral and use of funds. New accelerated approval process (October 1, 2009) 10 day approval process possible

LOCATIONS: Communities with populations under 50,000 and their contiguous urbanized boundaries.

COLLATERAL: Projects eligible for B&I financing include business acquisitions, commercial real estate purchases, startup costs and working capital, machinery and equipment purchases and some refinances. Commercial/Residential mixed use properties are now eligible.

More information on on the USDA Business and Industry Loan Guarantee Program is available HERE.

This is not a commitment to loan. This information is provided by your Realtor. Any commitment to loan will be based upon borrow’s loan application, property eligibility/collateral, Lender’s approval and USDA’s guarantee.