loans for
Working Capital
Buying A Business
Refinancing Debt
Equipment
Buildings /
Construction
Women & Minorities
Microloans
Empire Zone
Businesses
Veterans
types of loans
SBA 504
SBA 7(a)
USDA
Conventional, Non-Guaranteed Loan
tools
Payment Estimator
Forms
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USDA Loans
NYBDC, working with the US Department of Agriculture, provides
Business and Industrial Guaranteed loans to help improve, develop
or finance businesses, industry and employment, and to improve
the economic and environmental climate in rural communities, including
pollution abatement and control.
These USDA loans are available
to businesses located in areas outside any city with a population
of 50,000 or more and its immediately adjacent urbanized or urbanizing
areas (The USDA provides a priority to areas with populations under
25,000). Loans of up to $10,000,000 for one borrower are available.
Loan Purposes
• Constructing
or equipping of buildings
• Purchase
of businesses, land or buildings
• Purchase of supplies
and inventory
• Start up costs and working capital
• Refinance
debts
• Agricultural production
Terms
• Interest
rates can be negotiated as fixed or variable and have varying maturities
depending on the usages.
Priorities
• Certain communities
are prioritized based on economic conditions and high unemployment
• EZ/EC
zones and Champion Communities are priorities
• High impact
businesses are preferred
• Businesses offering the ability
to generate significant job creation are also preferred.
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