Frequently Asked Questions (FAQ)
Thank you for reaching out to us. We will get back to you shortly, but we invite you to take a look at some frequently asked questions in the meantime.
What does rural area mean?
USDA eligible rural areas are those with less than 50,000 in population and not contiguous with another populated area, based on the most recent census.
How do I know if I live in a rural area?
Click here on our customized map to see if you live in an eligible area.
Can I apply for my agricultural business?
The programs are not available for agricultural projects.
What size loans do the programs offer?
Depending on the program, loan sizes will range between $250,000 and $100MM and will be available for new construction, acquisition, and refinance transactions.
Are any of the programs available for the entire nation?
Yes, the Food Supply Chain program is eligible in both urban and rural areas for a wide range of projects including, but not limited to, aggregating, processing, transporting, distribution and more.
Can multiple loan programs fund one project?
Yes, loan program types can be combined based on the project use of funds and eligibility.
Can loan funds be used for refinance purposes?
Yes, if the refinance of existing debt improves borrower cashflow. Debt cannot be refinanced for cash-out purposes.
How can loan funds be used?
Loan funds can be used for many eligible purposes, including, but not limited to, construction of improvements, land acquisition with development, business acquisition, complete partner buyout, equipment purchase, working capital, refinance, and many more. See our program pages for more detail.
I have a construction project, do I have to get a separate construction loan?
No, USDA loans are structured as construction to permanent financing with conversion at the completion of construction. This means just one loan application is required for the project.
Can an interest-only period be included?
Yes, if the business operations support the need for an interest-only period, one can be added.