Favorable Term Loans for Rural America's Businesses

I'm new to Funder Intel, so I'd like to introduce myself on this forum! I provide construction and term loans for commercial projects in rural areas across the country using the USDA B&I guaranteed loan program. Mechanically speaking, this loan program is similar to the SBA 7(a) guaranteed loan program, but instead is in partnership with the USDA. Some key characteristics of this program are:

• Loans ranging from $2 million to $25 million

• Fully amortizing repayment terms up to 30 years

• Advance rates up to 80% LTV

• Competitive pricing

• Startups are eligible

• Construction loans automatically convert to permanent debt (one closing)

• Interest only periods up to 3 years are available -- commonly used for construction or expansion projects

• No business size restrictions

• Numerous eligible loan purposes can be blended into one loan, including real estate, equipment, refinancing, working capital, fees and costs

Common industries served: Manufacturing, Industrial, Hotels, Senior Living Facilities, Healthcare, Storage and Transportation, Agribusiness, and more!

I've dedicated the past 10 years of my career to financing rural projects under this program. 8 of those years were spent directly at the Agency, reviewing hundreds of lender's proposals. I have a unique insight on how to best structure and underwrite projects to maximize success!

Please reach out if you have any questions or would like to discuss more!

Cayla Holleman

cholleman@pathward.com.

605-670-9859