USDA Business & Industry (B&I)
Ready Capital is licensed to leverage USDA B&I loans across most of the U.S. Let us help you structure a financing solution to fit your business goals.
Overview
USDA B&I lending eligibility is limited to businesses and projects in areas with populations less than 50,000, with the goal of job retention and creation as well as the overall well-being of rural communities.
USDA B&I Highlights
Our USDA license satisfies customers in traditionally underbanked communities who might benefit from the unique qualities of this program or who otherwise might not meet SBA lending requirements.
- Loans from $1,000,000 to $10,000,000 or more
- Loan terms between 10-30 years
- Can help where SBA isn’t a fit:
- Loan sizes > SBA limits
- CRE <51% Owner Occupied*
- Borrower has used up or wishes to preserve SBA eligibility
- Borrower does not meet SBA “credit elsewhere” criteria
* While CRE may be <51% Owner Occupied, CRE must still be used >50% for business purposes (non-residential).
Important Information about USDA: Ready Capital, through its subsidiary, ReadyCap Commercial, LLC, is regulated by and complies with all requirements of the USDA B&I program as set forth by the United States Department of Agriculture under the OneRD Initiative.
USDA Eligibility Site
The USDA provides an easy-to-use eligibility tool, which can be found at the USDA eligibility site.
About Ready Capital
Why Ready Capital for USDA business loans
Ready Capital is your trusted partner for small business loans.
Here’s why brokers and business owners think we’re different.
Publicly Traded
Listed on the New York Stock Exchange (NYSE:RC), non-bank, non-depository
SBA Preferred Lender
Ready Capital is among the top 1% of all lenders in the SBA 7(a) Program
Flexible Lending
More flexible lending box delivers more successes
Nationwide Coverage
Lends in all 50 states and has delivered over $1.6B in capital
Systematic Process
Provides fast eligibility screening, prequalification, and term sheets
Rapid Execution
Approval process focused on speed, dependability, and transparency
Dedicated Service
A dedicated Ready Capital representative shepherds each transaction
Regular Outreach
A communication-rich customer experience
Have a question about USDA B&I Loans?
FAQs
What does loan type USDA mean?
Answer: The U.S. Department of Agriculture (USDA) has a Business and Industry (B&I) loan program reserved for rural communities of less than 50,000 people.
What is a business loan guarantee?
Answer: Guaranteed loans are loans that – in the case of SBA and USDA loans – are guaranteed by the U.S. government. In other words, the U.S. government backs or takes on the debt obligation of these loans.
Are USDA loans amortized?
Answer: Yes, USDA B&I loans are amortized and due monthly.
Get Started
Apply for a Ready Capital USDA loan
Click the appropriate loan amount below to be directed to the application process. It takes less than 3 minutes and will not affect your credit score.