USDA B&I Loans
While SBA loans are designed for businesses, many operate far from cities and densely populated urban life. USDA B&I loans are far more suitable in these situations because they are used to improve, develop, and finance businesses in rural communities. Edward Voccola & Co. LLC can help you obtain financing that boosts employment and economic conditions in areas that other lenders may be unwilling to touch.
If you require financing for the purpose of investing in an industry or business, we can help you. The location of the business headquarters does not matter as long as the project is located in a rural area, which include all areas other than cities or towns larger than 50,000 people and the contiguous and adjacent urbanized area of such cities or towns. Borrowers may use the proceeds for business conversion, purchase & development of land, purchase & leasing of equipment, and debt refinancing, and industrial acquisitions.
We offer the following benefits including but not limited to:
- Better pricing and terms compared to conventional financing
- Up to 80% LTV based on fair market value of real estate
- Fully amortized term with no balloon payment
- Up to 30 years on real estate collateral
- Up to 15 years term on machinery and equipment
- Up to 7 years term on working capital
- Option of reduced payments in the first 3 years
Competitive Rates and the Service You Deserve
At Edward Voccola & Co., LLC, our goal is to provide investors nationwide with the most favorable financing rates available. We want to make the process of financing real estate and businesses easy and hassle-free, and that’s why we go out of our way to offer great service, no matter the size of the loan or transaction. Every member of our team is committed to excellence; and we work hard to not just meet, but exceed our customers’ expectations.
Call or visit us today for more information or to schedule an appointment.