Funding Solutions

USDA Loans

These special government-guaranteed loans provide funding that has been earmarked for rural-area small businesses. Lending Source has built relationships with dozens of USDA lenders across the country and can help you work through the process of securing financing for any project in a USDA zone.

USDA loans are available for business and industrial purposes, including start-up costs, repairs, equipment purchases, acquisitions, and more.

  • Must be a “small business” by SBA’s definition
  • Must have qualifying amount of equity
  • Must have been turned down for private funds
  • Must have high business and personal credit scores
  • Must intend to use funds for valid business purposes

USDA loans are backed by the government but funded by big banks, community banks, and credit unions requiring various documentation.

  • Must be a “small business” by SBA’s definition
  • Must have qualifying amount of equity
  • Must have been turned down for private funds
  • Must have high business and personal credit scores
  • Must intend to use funds for valid business purposes

USDA Loans are close at hand for rural businesses thanks to Lending Source’s wide network of finance partners

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Is a USDA Loan right for you?

Pros

  • Available for start-up businesses
  • Fixed or variable interest rates available
  • Can be used for a variety of business needs
  • Competitive rates versus other forms of financing
  • Long repayment terms depending on loan purpose

Cons

  • Large down payments required
  • Extensive documentation required
  • Certain restrictions based on your location
  • High personal/business credit scores needed
  • Fees can be more expensive than other loans

Startups, Acquisitions, Refinances, Credit Lines

We’ve got plenty of funding with affordable terms and fast approvals, no matter your business needs.
Apply online or call 567-331-2324 today!

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