Business & Industry Loan Guarantee Program
Jul 23, 2018 12:00 AM
2018-07-23T00:00:00
The USDA, Rural Development, Business & Industry Loan Guarantee Program can provide loan guarantees for the purpose of:
Projects prioritized by our headquarters are those projects intended to further enhance the rural economies by providing well-paying employment, essential community services and long term investments. These priority projects include:
The loan guarantee can be used to provide better rates and terms to the businesses you serve while reducing lender risk. In addition to reducing risk, the issuance of the loan guarantee can allow for additional fee income through the sale of the guaranteed portion on the secondary market.
Should you have the opportunity to consider financing one of these projects, please keep our programs in mind. We offer guarantees of 80% for loans up to $5,000,000; 70% for loans of $5,000,000 - $10,000,000, and 60% on loans over $10,000,000.
Please contact one of our staff members listed below if you want to schedule a time to meet to further discuss the program and its advantages.
Christie Hooks Christie.Hooks@oh.usda.gov 614-255-2397
Cindy Musshel Cindy.Musshel@oh.usda.gov 614-255-2427
Debbie Rausch Deborah.Rausch@oh.usda.gov 614-255-2425
Jennifer Brown Jennifer.Brown@oh.usda.gov 614-255-2423
Randy Monhemius Randy.Monhemius@oh.usda.gov 614-255-2424
Thank you for your time.
Randy M.
- Acquiring new businesses or expanding existing businesses;
- Purchasing and improving real estate;
- Purchasing machinery & equipment;
- refinancing outstanding debt; and
- providing term working capital.
Projects prioritized by our headquarters are those projects intended to further enhance the rural economies by providing well-paying employment, essential community services and long term investments. These priority projects include:
- Broadband; high-speed internet connectivity.
- Commercially available unmanned technologies.
- Food distribution such as grocery stores and food manufacturing along with agritourism and biotechnology.
- Advancement of energy security by boosting production of energy from natural gas, oil, coal and renewables.
- A focus on “made in America” including projects for infrastructure, distribution, and value-chain participants.
- Projects that advance the quality of life. For example modern utilities, medical services, and for the treatment and recovery of opioid addiction.
- Advancement of career training and development.
The loan guarantee can be used to provide better rates and terms to the businesses you serve while reducing lender risk. In addition to reducing risk, the issuance of the loan guarantee can allow for additional fee income through the sale of the guaranteed portion on the secondary market.
Should you have the opportunity to consider financing one of these projects, please keep our programs in mind. We offer guarantees of 80% for loans up to $5,000,000; 70% for loans of $5,000,000 - $10,000,000, and 60% on loans over $10,000,000.
Please contact one of our staff members listed below if you want to schedule a time to meet to further discuss the program and its advantages.
Christie Hooks Christie.Hooks@oh.usda.gov 614-255-2397
Cindy Musshel Cindy.Musshel@oh.usda.gov 614-255-2427
Debbie Rausch Deborah.Rausch@oh.usda.gov 614-255-2425
Jennifer Brown Jennifer.Brown@oh.usda.gov 614-255-2423
Randy Monhemius Randy.Monhemius@oh.usda.gov 614-255-2424
Thank you for your time.
Randy M.