The
United States Department of Agriculture – USDA
Loan Guaranty Program
The Business and Industry (B&I)
Guaranteed Loan Program helps create jobs and stimulates
rural economies by providing financial backing for rural
businesses. This program provides guarantees up to 80
percent of a loan made by a commercial lender. Loan proceeds
may be used for working capital, machinery and equipment,
buildings and real estate, and certain types of debt
refinancing. B&I loan guarantees can be extended
to loans made by recognized commercial or other authorized
lenders in rural areas (this includes all areas other
than cities of more than 50,000 people and the contiguous
and urbanized area of such cities or towns).* Click here
to visit the USDA’s website and learn more about
this program:
www.rurdev.usda.gov/rbs/busp/b&i_gar.htm
Since providing superior service to our business clients
means more than just making loans, Capital Bank networks
regularly with a wide range of non-profit organizations
that provide entrepreneurial counseling, technical assistance,
business planning classes and more. By keeping connected
in these support organizations, Capital Bank is able
to help its business clients access a full range of business
support services at little to no cost.
Kelley Ferrante – Government Lending Specialist – 919.645.6316 – kferrante@capitalbank-nc.com
* Source: U. S. Department of Agriculture
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