USDA Business & Industry (B&I) Loans Business Plan
Flexible Financing for Rural American Businesses
Looking to secure a USDA Business & Industry loan for your rural business? Mikel Consulting specializes in building detailed business plans that emphasize your business’s strengths and align with lender expectations. Whether you’re seeking funds for working capital, real estate, or equipment, we help you navigate the process to secure the funding you need to grow and thrive.
Mikel Consulting's Record of Success
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4,000+
Business Plans
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$0.9B+
Bank Loans Secured
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97%
Success Rate
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100+
Trusted Partners
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90+
Client Countries
What is the USDA Business & Industry Loan Program?
The USDA Business & Industry (B&I) Loan Program provides financing to rural businesses to improve, develop, or expand their operations. It supports the creation of jobs and boosts the economic well-being of rural areas by offering loan guarantees to lenders, making it easier for businesses to obtain financing.
What Are USDA B&I Business Loans?
USDA B&I loans are designed to help rural businesses obtain financing for a wide range of purposes, from purchasing real estate and equipment to refinancing debt and providing working capital. With a government-backed guarantee, these loans make it easier for rural businesses to access funding.
Who Are USDA B&I Business Loans For?
USDA B&I loans are available to businesses in rural areas that need funding to support business expansion, modernization, or improvements. Loans are open to businesses, cooperatives, nonprofits, and federally recognized tribes located in rural areas with populations of 50,000 or fewer.
How Mikel Consulting Helps
We create detailed, USDA-compliant business plans designed specifically for USDA Business & Industry (B&I) loan applications. Our plans highlight eligible use of funds, justify loan amounts, and include financial projections that meet lender and USDA expectations — helping you secure B&I loan funding with confidence.
USDA B&I Business Plan Delivery Details
- Tailored to USDA B&I lender requirements
- Emphasizes use of funds, collateral, and repayment ability
- Includes detailed 5-year financial forecasts
- Highlights ownership equity and business viability
- Developed by experienced U.S. loan business plan writers
- Executive Summary & Loan Request
- Business Overview & Ownership Structure
- Industry & Market Analysis
- Competitor Analysis & SWOT
- Marketing & Sales Strategy
- Go-to-Market & Milestones
- Revenue Model & Financial Forecasts
- Loan Use & Repayment Plan
- Team & Organizational Structure
How Our Process Works
Why Choose Mikel Consulting?
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PROVEN EXPERTISE
Experience: Prepared 4,000+ customized business plans since inception.
Success Rate: 97% success rate for 3,000+ valued clients worldwide.
Trustworthy Team: Dedicated professionals with 24 years of industry experience.
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TIME SAVINGS
Efficient Process: Prompt delivery of first drafts within 7-10 business days.
Focus on Growth: Save weeks of work to concentrate 100% on growing your business.
Industry Research: Powered by direct research and hundreds of top industry resources.
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HIGHLY CUSTOMIZED
Custom Solutions: 1-on-1 consultations to understand your business, industry, and goals.
Reflect Your Vision: Create a custom-tailored business plan to best represent your vision.
Maximize Success: Designed to attract funding, increase potential for success, and stand out from the competition.
USDA B&I Business Plan Examples
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Restaurant Concept
Full-Service | Fine Dining | Loan Application
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Pilates Studio
Fitness & Wellness | Studio Expansion | Bank Financing
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Other Commercial Plans
Bank Loans, Investors & More
USDA Impact
$1 billion+
Total B&I loan funds distributed annually.
80%
Loan guarantees for loans up to $5 million.
50,000+
Rural businesses supported by the USDA B&I program.
USDA Program Details
Loan Amounts
Maximum loan: Up to $25 million, with exceptions for certain projects.
Loan guarantees can cover up to 80% for loans up to $5 million, 70% for loans up to $10 million, and 60% for loans exceeding $10 million.
Usage of Funds
B&I loans can be used for a variety of purposes, including purchasing real estate, equipment, refinancing debt, and providing working capital.
Interest Rates
Interest rates are negotiated between the borrower and the lender but are typically competitive due to the government-backed guarantee.
Fees
An initial guarantee fee of 3% applies, with an annual renewal fee of 0.5% of the guaranteed portion of the outstanding balance.
Security
Collateral is required, typically in the form of real estate, equipment, or other business assets, and must be sufficient to cover the loan.
Loan Approval Process
Loans are provided through USDA-approved lenders, who submit the loan for USDA review and approval. The timeline varies depending on the lender and project complexity.
Eligibility
Eligible businesses include rural businesses, cooperatives, nonprofits, and federally recognized tribes located in rural areas. The business must also demonstrate the ability to repay the loan and provide sufficient collateral.
Which Lenders Offer USDA B&I Loans?
USDA B&I loans are delivered through approved commercial lenders across rural America. These can include regional banks, community banks, and credit unions that participate in the USDA loan guarantee program. Mikel Consulting helps connect you with suitable lenders and ensures your business plan aligns with USDA and lender expectations — improving your chance of approval.
Frequently Asked Questions
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The USDA B&I Loan Program offers government-backed guarantees to help rural businesses access financing through private lenders. This reduces the lender’s risk, making it easier for rural businesses to get funding for a variety of uses, from real estate to working capital.
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B&I loans can be used for purchasing real estate, equipment, inventory, or even refinancing debt. They are also available for working capital, business modernization, and developing new business ventures, particularly those that support rural development and job creation.
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To qualify, your business must be located in a rural area, defined as a town with a population of 50,000 or fewer. Additionally, the business must demonstrate that it has the ability to repay the loan and provide sufficient collateral.
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The loan application is processed through a USDA-approved lender. Once submitted, the USDA reviews the application and issues a loan guarantee, which helps reduce the lender's risk. The approval timeline can vary depending on the lender and project details.
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Mikel Consulting provides tailored business plans that meet USDA lender requirements. Our plans focus on showcasing your business’s financial health, market potential, and ability to repay the loan, increasing your chances of approval.
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Interest rates for USDA B&I loans are negotiated between the borrower and the lender. However, due to the government-backed guarantee, rates are often more competitive than traditional business loans.
Let’s Build Your Business Plan For Financing Institutions
Reach out for a quote or a free consultation. We typically respond within 24 hours.
📞 1-800-250-1759
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