Hyak Financial

USDA B & I Loans

The USDA loan B & I (Business and Industry) program is a government guaranteed program whose mission is to improve, develop and finance business & industry in rural areas of the country.

“The purpose of the B&I Guaranteed Loan Program is to improve, develop, or finance business, industry, and employment and improve the economic and environmental climate in rural communities. This purpose is achieved by bolstering the existing private credit structure through the guarantee of quality loans which will provide lasting community benefits. It is not intended that the guarantee authority will be used for marginal or substandard loans or for relief of lenders having such loans.”

To learn more about the USDA program and rural development, visit the official website at http://www.rurdev.usda.gov/rbs/busp/b&i_gar.htm