Rural Development (RD), U.S. Department of Agriculture
Contact: Shane Coelho, Sr. Management Analyst 316-722-7561
The USDA Rural Development (RD) provides loans to businesses with the Business and Industry (B&I) program. These loans are for business and industrial development. RD assistance is provided in the form of a loan guarantee of up to 80 percent for loans of $5 million or less, 70 percent for loans from $5 to $10 million, and 60 percent for loans over $10 million. Applicants apply for loans through private lenders. Business and Industry (B&I) loans are generally limited to a maximum of $10 million. Funds from the B&I program may be used to finance business construction, business acquisitions, expansions, machinery and equipment purchases, and working capital. A company is required to provide sufficient cash or other assets as an assurance of its commitment to the project's success and to meet minimum loan requirements. B&I loans may be made in areas outside the boundary of cities of 50,000 population or larger.