The USDA Business & Industry (B&I) Loan Program is considered the USDA’s flagship program and provides up to $25 million to fund equipment purchases for power generation, aerospace, automobile and marine manufacturers.

Since 2016, West Town Bank & Trust has authorized more than $500 million to businesses across the country through various USDA loan programs, ranking as a top 5 lender in the U.S. by dollar volume during this period.

Benefits of USDA Equipment Loans

  • Extended Loan Terms

    The lesser of the useful life of the assets being financed, or 15 years for equipment. Allows for up to 30 years for real estate.

  • Flexible Financing Choices

    No restrictions to equipment only. Use proceeds to fund a wide variety of additional business expansion needs.

  • Fully Amortizing Capital

    No renewals. Fully amortizing capital for the entire life of loan with no calls or balloon payments.

  • Competitive Interest Rates

    Allows lenders to choose variable or fixed rate pricing, with or without ceilings or floors as long as it is a legal rate.

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