USDA Business and Industry

  • USDA Business and Industry Loan Guarantees

  • Since Sherburne is a rural county, its businesses are eligible for loan guarantees from the United States Department of Agriculture (USDA). USDA guarantees loans 80% up to $5,000,000, 70% up to $10,000,000 and 60% over $10 million.

    Term
    		Fees
    		Interest
    1 to 30 years
    		Annual renewal fee
    		Set by primary lender.

    Interest Type

    Interest Type
    		Amount
    		Eligibility/Requirements
    Fixed / variable
    		Up to $40 million
    		10% to 20% equity depending on if it is a new or existing business. Must be located in rural area - area less than 50,000 in population.