US Department of Agriculture B & I Guaranteed Loan Program

Eligible Properties	Generally for cities and towns with less than 50 thousand population - Please provide us the address as this is a gray area with many properties eligible in suburban areas
Eligible Borrowers	Individuals, corporations, partnerships and any other legal entity
Eligible Loan Purposes	Business Acquisition, construction, conversion, expansion, modernization, repair, working capital, pollution control and abatement, processing and marketing facilities.
Property Type Examples	Manufacturing, hotels, funeral homes, energy related businesses, convenience stores, shopping centers, restaurants, recreational areas (except golf courses) trucking, car, truck & farm implement dealerships, health care facilities and assisted living
Loan to Value	Maximum is 80% of Appraised Real Estate Value, 65% on Equipment
Loan Terms	Real Estate -Newer Construction - Up to 30 years, Otherwise 25 Years Equipment - 15 Years or Remaining Useful Life, Working Capital 7 Years
Loan Sizes (Based on Guarantee)	Up to 5 Million =80%, 5-10 Million -70% Over 10 Million 60%
Guarantee Fees	2% of Loan Amount
Rates	Adjustable each Quarter at Prime plus negotiated Margin add-on
Ineligibles	Golf Courses, non profits, fraternal organizations and lines of Credit

This type of financing can make your project possible in our current lending environment where Banks are reluctant to lend
because of the loan size or geographic location. Borrower's resume must clearly demonstrate knowledge and experience
operating the business type. This program competes very well against SBA financing and can be structured in combination
with the SBA 504 CDC Bond in 2nd Lien position. The primary mission of this loan is to create or retain jobs. Requires
superior credit history and personal guarantees of all principals having 20% or more ownership.

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