USDA B&I lenders are financial institutions that participate in the USDA’s Business and Industry (B&I) loan program. These lenders can include traditional banks, credit unions, community development financial institutions, and USDA-approved non-bank lenders.
USDA B&I lenders play a critical role in the program by originating, underwriting, and servicing B&I loans. While the USDA provides a government guarantee that reduces the risk for lenders, it’s the lenders who make the credit decisions and fund the loans. This partnership between the USDA and approved lenders enables rural businesses that may not meet the requirements of traditional loans to access financing with favorable terms and conditions, such as longer repayment periods and lower down payments.
B&I lenders differ in their current level of activity, expertise, preferences, and more, meaning that some will be better than others for a particular loan. This is where B&ISavvy comes in. Our extensive experience and connections give us the peerless ability to connect you with the best lender for your particular loan. And not only do we connect you with the best lender, but also with the best person within each lender. This additional level of connection makes our lender-borrower matches uniquely effective.