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USDA Rural Development Loan

The United States Department of Agriculture (USDA) OneRD Guarantee Loan Initiative can help businesses, nonprofits, and agricultural organizations in rural areas secure funding to grow and thrive. Learn how a USDA rural development loan through Greater Commercial Lending could benefit your operation.

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construction equipment funded with favorable usda rural development loan rates
manufacturing worker checking things with the project funded by a usda rural development loan program
two construction workers talking about the onerd guarantee loan initiative used to fund the project

What is the USDA OneRD Guarantee Loan Initiative?

The OneRD Guarantee Loan Initiative is a great and diverse USDA business loan program designed to improve the economies—and lives—of rural America.

USDA rural development loans help business owners, nonprofit leaders, and farm/ranch owners expand, build new facilities, buy equipment, and more. The loans offer financing for renewable energy systems, essential infrastructure, telecommunications, environmental solutions, housing, community programs and facilities, waste and water management, and more.

There are four flagship loan programs within the USDA OneRD Guarantee Loan Initiative:

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USDA Business & Industry (B&I) Loans

Buy or expand a business, finance improvements, equipment, real estate, augment working capital, or refinance debt.

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USDA Rural Energy for America Program (REAP) Loans

Implement renewable energy systems, make energy efficiency upgrades, or install new, energy-efficient equipment.

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USDA Community Facilities (CF) Loans

Loans for public bodies, Federally-recognized tribes, and nonprofits to develop infrastructure and services essential to individuals and businesses in rural areas.

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USDA Water & Waste Disposal (WWD) Loans

Improve access to clean, reliable water and waste disposal systems for households and businesses in rural areas.

How To Qualify for a Rural Development Loan

The USDA OneRD Guarantee Loan Initiative establishes a standard set of requirements, processes, and forms for the four main rural development loan programs.

Generally, the program funds organizations that:

  • Are located in a city or a town with a population of less than 50,000
  • Have a good credit history
  • Exhibit sufficient cash flow to support loan repayment

The USDA also looks for applicants to satisfy other criteria before awarding a loan.

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USDA Rural Business Loan Requirements

In order to be eligible for a USDA OneRD Guarantee Loan, an organization must:

  • Have employees
  • Have a positive economic impact on your community
  • Use renewable energy resources

Our USDA lending specialists can help you understand the full list of requirements to meet the OneRD initiative’s criteria.

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How Can Your Business Use Rural Development Financing?

USDA rural development financing can be used in various ways that improve the lives and economies within rural America. These programs can help an organization:

  • Expand, modernize, or purchase equipment
  • Buy, improve, or develop commercial real estate or land
  • Purchase or install machinery, equipment, supplies, or inventory
  • Make energy efficiency upgrades or install new energy-efficient equipment

There are also other ways these loans can promote and support small businesses and create jobs in rural communities.

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Underwriting Requirements for USDA Rural Development Loans

Let us walk you through the process of finding and applying for the USDA rural development loan that meets your specific funding needs. We’ll help you gather, organize, and submit all the necessary paperwork, and make sure your business is right for this type of financing. Get in touch, and our team will get you started.

Frequently Asked Questions

About USDA OneRD Loans

What are the benefits of USDA rural development loans?

USDA rural development loans offer a competitive interest rate, low monthly payments, and extended repayment terms. This type of financing is an excellent option for businesses that are just getting started, have insufficient cash flows, or need more time to repay traditional funding.

What are the geographic requirements for a USDA rural development loan?

To qualify for a USDA rural development loan, the property must be in an eligible rural area. To see if your property is in a designated area, get in touch with our team, and we’ll walk you through the process.

What is the USDA rural development loan process?

The USDA rural development loan process may vary based on location and the size of your business. Remember that our team will be with you every step of the way, guiding you through the application process and helping collect all necessary documents.

How do I apply for a USDA rural development loan?

You can find our loan application and other resources on our website, but to make sure we find the best fit for your business and location, get in touch with us at your earliest convenience.