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U.S. Department of Agriculture Business and Industry Guaranteed Loan Program

U.S. Department of Agriculture Business and Industry Guaranteed Loan Program. BACKING THE BUSINESS OF RURAL AMERICA . Like Never Before, USDA is Backing the Business of Rural America. $1.5 Billion. How can you get your share of our largest and strongest guaranteed loan program ever? .

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U.S. Department of Agriculture Business and Industry Guaranteed Loan Program

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  1. U.S. Department of Agriculture Business and Industry Guaranteed Loan Program BACKINGTHEBUSINESS OFRURALAMERICA

  2. Like Never Before, USDA is Backing the Business of Rural America $1.5 Billion How can you get your share of our largest and strongest guaranteed loan program ever?

  3. A “Win-Win” for Lenders, Rural Businesses, and Rural Communities The program is now fortified by a nearly 300% increase in funding, credit enhancements, a guarantee that supports up to 90% of the lender’s risk, and a commitment that every eligible loan receives a guarantee promptly. As a lender, you have a stronger incentive to make rural business loans; the businesses have a better chance of getting the financing and terms they need, and the rural communities will thrive as their local businesses grow.

  4. 1. More Profitability and Flexibility for Lenders • Increased state approval limits, higher guarantees, fewer fees, faster approvals, and shared risk help lenders profit from backing the business of rural America. • Guaranteed loans can make a lender more competitive. • Deals that may have been too large or specialized for you to consider can be more attractive because of the Federal guarantee. • The guaranteed portion of the loan does not count against the bank’s legal lending limits. • The secondary market for B&I guaranteed loans can be a profitable and continuing revenue source for your company.

  5. 2. Better Access to a Larger Pool of Loan Guarantees • Lenders now have access to the largest Federal guaranteed loan program ever developed for backing the business of rural America. • With a nearly 300% increase in funding for guaranteed loans, USDA now has $1.5 billion to help you stimulate rural business and rural communities. • USDA rural business experts are committed to helping you use the B&I Guaranteed Loan Program to serve customers. • Approval limits are increased at the state level, which helps you get more credit to customers faster. • For ARRA projects, the guarantee fee is reduced; the annual renewal fee is eliminated.

  6. 3. Be a Leader in Backing the Business of Rural America • B&I guaranteed loans help community oriented lenders be leaders of economic development in rural communities. • Federally financed, but locally focused, B&I guaranteed loans help you stimulate economic recovery in rural communities. • This is the only Federal loan guarantee program that is exclusive to rural business. • The nationwide USDA rural business team has a new dedication to making its best effort to provide a guarantee for every eligible loan.

  7. 4. Enhance Customer Relationships • Even with the larger guarantees, lenders still own the customer relationship. • Use your own documents, security instruments, and commercial underwriting requirements. Set your own interest rates and terms. Service your own loans. • The total amount of guaranteed loans to one borrower excludes any guaranteed loans to affiliates. • Borrowers’ cash and liquid assets are not limitations. • Local USDA personnel can assist throughout the entire process, allowing you to concentrate on the customer relationship.

  8. For Your Customers,Access to Capital Just Got Better Even with these challenging economic times, businesses with a solid plan for success can get the financing, rates, and terms they need by working with a lender who uses B&I guaranteed loans. Better funded than ever, B&I guaranteed loans make it easier for you and your lender to work together on the financing for a successful business.

  9. Lead the Comeback in Your Community Community-oriented lenders committed to serving rural businesses can increase profitability and better share risk by partnering with USDA on the B&I Guaranteed Loan Program. Your local USDA rural business team of highly motivated, knowledgeable professionals is proud to bring you the largest-funded guaranteed loan program the Federal government has ever offered to rural businesses.

  10. Lead the Comeback in Your Community By partnering with our guaranteed loan professionals, you now have better access to $1.5 billion in ARRA funds to help make loans in today’s economy. Use B&I guaranteed loans to be a leader in stimulating economic development, creating jobs, and improving quality of life in the communities you serve.

  11. BACKINGTHEBUSINESS OFRURALAMERICA

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