USDA Guaranteed and Direct Loan are required to follow the environmental regulations set forth in RD 1970 and the CON Act, both detailed below. NEPA and RD Part 1970 The National Environmental Policy Act (NEPA) is a federal law that [...]
A business plan is an important document that outlines the goals and objectives of a business, and the strategies and actions that will be taken to achieve those goals. It is typically used to secure funding from investors or [...]
Table of Contents: Equity Requirement History New Balance Sheet Equity Grid Existing Businesses with proper equity post closing Existing business with negative equity or less than 10% BSE. Option 1: Inject Capital Example #1: Enough [...]
Link: Appendix A - Feasibility Study What is a Feasibility Study? A feasibility study is an evaluation of a proposed project or venture to determine its potential for success. A feasibility study for the USDA Business and Industry (B&I) Loan [...]
Few USDA lenders remember the five ways to lower the USDA Guarantee Fee on any OneRD loan the USDA offers. I can admit I was one of those lenders, however, Hurricane Ian reminded me this “Major Disaster Designation” [...]
Brevard (County) Charlotte (County) Collier (County) DeSoto (County) Flagler (County) Glades (County) Hardee (County) Hendry (County) Highlands (County) Hillsborough (County) Lake (County) Lee (County) Manatee (County) Monroe (County) Okeechobee (County) Orange (County) Osceola (County) Palm Beach (County) Pasco (County) Pinellas [...]
On Thursday, December 9th. USDA Secretary Tom Vilsack announced an additional $1,000,000,000 under the new Food Supply Chain program for loan guarantees. These Food Supply Chain loans have attractive terms for lenders familiar with the USDA B&I loan [...]
Permalink: https://www.federalregister.gov/documents/2021/07/02/2021-14193/onerd-annual-notice-of-guarantee-fee-rates-periodic-retention-fee-rates-loan-guarantee-percentage PDF Document: 2021-14193 Below are the proposed guarantee rates and fees for FY 2022. Here is the same chart from FY2021. As you can see, the Community Facility Guaranty Fee seems to have dropped by 25BP to 1.25% [...]
RD Business & Industry Loan Guarantee RD Community Facility Loan Guarantee RD Rural Energy For American Loan Guarantee SBA Standard 7(a) Loan SBA 504 Loan Loan Purpose Purchase/improve commercial real estate, business acquisitions, machinery, equipment, fixtures, debt refinance, inventory, [...]