Business & Industry Loans
The Business and Industry Loan Guarantee Program guarantees loans by eligible local lenders to businesses to benefit rural areas. The program’s primary purpose is to create and maintain employment and improve the economic and environmental climate in rural communities. This is achieved by expanding the existing private credit structure capability to make and service quality loans to provide lasting community benefits. Administered by the Rural Business-Cooperative Service of USDA’s Rural Development, the program typically guarantees losses on up to 80 percent of the original loan amount. Inability to obtain other credit is not a requirement.
Century Equities has worked with this program and believes that it can be an excellent financing tool in certain applications. Century Equities has had extensive meetings with some experienced originators of B&I loans and will continue to look for creative ways to optimize a financial structure.
Government Financing    Public/Private Partnership
Tax Increment Financing    New Market Tax Credits    SBA Loans
