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: