USDA Business & Industry Loans

The USDA Business & Industry (B&I) loan program is intended to develop the economies of rural areas through loans to support business and industry.

Eligible entities are cooperatives, corporations, partnerships, for-profit and non-profit businesses, Federally recognized tribes, public bodies and individuals. One of the above entities must engage in the following:

  • Provide employment
  • Improve the economic or environmental climate
  • Promote conservation, development and use of water for aquaculture, or;
  • Reduce reliance on nonrenewable energy resources by encouraging the development and construction of renewable energy systems

The USDA B&I program has a wide variety of uses:

  • Business and industrial acquisitions when the loan will prevent business closure, prevent employment loss or provide expanded job opportunities
  • Business conversion, enlargement, repair, modernization or development
  • Purchase and develop land, easements, rights of way, buildings or facilities
  • Purchase equipment, leasehold improvements, machinery, supplies and/or inventory
USDA B&I Loan Limits

Alaska Growth Capital originates USDA B&I loans in the $100,000-$10,000,000 range.