SBC – USDA Loans | Byline Bank

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The Business & Industry CARES Act Program

We know how challenging and uncertain this time has been, especially for rural businesses and agricultural producers. The USDA is now offering a new program, The Business & Industry CARES Act Program. As a national leader in USDA lending, Byline Bank is an eligible lender working with the USDA to provide financing to rural businesses as part of this program.

The Business & Industry (B&I) CARES Act Program offers loan guarantees to rural businesses and agricultural producers that are not eligible for the USDA Farm Service Agency Loans. This program is designed to provide working capital to help alleviate the effects of the coronavirus pandemic.

  • Working capital only – must be in business as of February 15, 2020
  • Loan term up to 10 years
  • 90% guarantee
  • 10% Tangible Net Worth required

Contact one of our USDA lending specialists today to learn more!

USDA B&I Loans

USDA Business and Industry (B&I) Guaranteed loans are designed to help rural communities succeed through business financing for growth, stability and employment opportunities.

USDA loans can help to increase cash flow for your business:

  • Higher loan-to-value terms, without balloon payments
  • Longer repayment terms than conventional loans
  • Loans between $1 million and $10- million
  • Terms of up to 30 years (for real estate) and 15 years (for equipment loans)1
  • Loans that can be used to refinance, assist with growth, acquisition, start-up, construction and working capital needs
  • Security of long-term financing commitments that aren’t affected by fluctuations in the business cycle

Contact us today to get started.

Eric Manke headshot

Eric Manke
SVP, USDA Lending
(262) 860-2090

Jeff Salesman headshot

Jeff Salesman
SVP, USDA Lending
(317) 983-3364

¹ Terms are variable based on collateral and other factors.