The USDA B&I Guarantee Loan Program was designed specifically to benefit rural communities. Arkansas Capital Corporation can solely, or in participation with your local bank, provide your small business access to the capital needed to grow and generate jobs. The ultimate purpose of this loan program is to alleviate poverty by increasing economic activity and employment in rural Arkansas communities.

The USDA provides a guarantee to Lenders who loan that benefit businesses in rural communities of up to 50,000 population. Its primary purpose is to create and maintain employment while improving the economic climate of our rural communities. This is achieved by expanding the availability of existing private capital through loan guarantees of up to 80%.

I. Program Highlights

Loan amounts up to $25 million

Longer terms

Fixed or Variable interest rates

II. Use of Funds

Business Acquisitions

Construct, convert or expand plant facilities

Machinery & Equipment

Working Capital

III. Maximum Terms

Working Capital - 7 years

Machinery & Equipment - 15 years or useful life

Real estate - 15 years

IV. Eligibility Highlights

Any legal business entity

No size restriction on business

V. Credit Requirements

Adequacy of equity, cash flow, collateral, history and management will be used in determining credit quality.

All loans must be so secured as to reasonably assure repayment.

A qualified appraisal report is required on all property that will serve as collateral.