USDA Business Loans: What are They? How Do They Work?

USDA Business Loans: What are They? How Do They Work?

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The U.S. Department of Agriculture guarantees business loans for small businesses, companies, nonprofits and other organizations located in rural communities. This program is known as the USDA Business and Industry program, and it’s a great source of affordable, long-term financing. In this guide, we cover what these loans can be used for, how you can qualify, what the terms and fees are and what the application process is like.

What are USDA Business Loans?

USDA Business Loans, formally referred to as USDA Business and Industry loans, are business loans guaranteed by the U.S. Department of Agriculture (USDA). These loans are made by lenders, such as banks or credit unions, to businesses in rural areas. A portion of the loan is guaranteed by the USDA. These loans are very similar to Small Business Administration (SBA) loans, but with a focus on promoting small businesses and creating jobs in rural communities. Continue reading “USDA Business Loans: What are They? How Do They Work?”

We take pride in making lending easy. USDA Home Loan Cedar Rapids

We take pride in making lending easy. USDA Home Loan Cedar Rapids

We Are Hall Lending Group

Hall Lending Group was created by Hope Hall with one mission in mind: to provide customers with the best home loan experience possible. For nearly two decades, we have been helping families meet their goals of home ownership with the best interest rates and loan programs available. We care about more than just your home loan. We understand that family is important and that you want what is best for them. We make lending easy because you want to be the hero that gave your child their own backyard. We make lending easy because you want to spend more time with your family and less time on paperwork. We make lending easy because YOUR TIME MATTERS.

USDA home loan , also known as USDA Rural Development Guaranteed Housing Loan Program, is a mortgage loan offered to rural property owners by the United States Department of Agriculture (USDA). Even though the loan is offered through the USDA, it does not mean the borrower has to build a farm on the rural property. Continue reading “We take pride in making lending easy. USDA Home Loan Cedar Rapids”