The U.S. Department of Agriculture’s (USDA) Business and Industry Guaranteed Loan Program provides financial backing for rural businesses. Loan proceeds may be used for
The program provides guarantees up to 80 % of a loan made by a commercial lender. This is achieved by expanding the lending capability of private lenders in rural areas, helping them make and service quality loans that provide lasting benefits.
The program works closely with profit and nonprofit sectors, along with state, tribal and local governments. This philosophy of public partnership ensures rural citizens can participate fully in the global economy.
North Carolina administers USDA Rural Development programs from eight area office sites across the state. Each site is committed to serving those in search of information and assistance with Rural Development programs and initiatives.
For more information, visit the North Carolina Office for USDA Rural Development. section of the USDA Rural Development website