The B&I Guaranteed Loan Program improve, develop, or finance business, industry, and employment and improve the economic and environmental climate in rural communities. Projects are secured by a 1st Deed of Trust/Mortgage on General and Special Purpose commercial real estate, meeting USDA qualifications, having a maximum Loan to Value of 80%, depending on program parameters.

Provide employment;
Improve the economic or environmental climate;
Promote the conservation, development, and use of water for aquaculture; or
Reduce reliance on nonrenewable energy resources by encouraging the development and construction of renewable energy systems.

Borrower eligibility is fundamental with a few disparities from the SBA; the borrowing entity must reside in a community (MSA) of 50M or less and the borrower must have tangible balance sheet equity at the loan closing of no less than 10 – 20% for existing businesses, 20% for new businesses, and 40% for energy or bio-based businesses.

USDA B&I Eligible Use of Proceeds:
Purchase & development of land, easements, rights-of-way, buildings, or facilities.
Business conversion, enlargement, repair, modernization, or development.
Purchase of equipment, leasehold improvements, machinery or inventory.
To refinance existing business indebtedness that is not already structured with reasonable terms and conditions.
Business and industrial acquisitions when the loan will keep the business from closing, prevent the loss of employment opportunities.

Eligible Property Types:
Office: Professional, Condominium, Medical, Dental and Veterinarian.
Industrial: Heavy and Light Manufacturing, Warehouse and R&D Flex.
Retail: General.
Special Purpose: Assisted Living Facilities / Adult Care, Day Care Facilities, Restaurants, Funeral Homes and Hotels/Motels.

Maximum Loan Amount:  1st DOT/Mortgage – $4,000,000.

Maturity and Amortization: 

Real estate – Up to 30 Years
Equipment acquisition – Up to 15 Years
Permanent working capital – Up to 7 Years

Maximum LTV:
Real estate – Up to 80% LTV

Equipment acquisition, Permanent working capital & debt refinancing up to 60%    LTC fully collateralized.

Copyright 2018 Capital Palm Partners, Inc. All rights reserved.

Tel: 1-407-278-1466​

Capital Palm Partners, Inc.

8546 Palm Parkway, Ste 240,  Orlando, FL 32836

T:) 407-278-1466  |  Email: corporate@capitalpalm.com​​ 

USDA B&I LOANS

(Business and Industrial)

(Minimum FICO 665)