USDA & Industry Loans

Fuel growth and innovation in rural communities with a USDA Business Loan from BayFirst Financial. Tailored for businesses in eligible areas, this program offers long-term financing with competitive rates and flexible terms, making it easier to expand operations, purchase equipment, or improve facilities. With loans up to $25 million, our experienced team is here to guide you through the process and help your business thrive. 

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USDA Loan Features

  • Long-term fixed or variable rate
  • Terms up to 40 years
  • Competitive interest rates
  • Loan amounts up to $25 million

USDA Business Loan Uses

  • Develop land and buildings for commercial or industrial use
  • Purchase equipment, machinery, inventory and more
  • Fund commercial real estate investment projects
  • Acquire, modernize or repair a businesses
  • Improve energy efficiency
  • Refinance or consolidate debt to create cash flow

What's Next? Get Started

Our streamlined process and advanced technology make applying for your USDA B&I loan fast and easy.

  • Apply

    Contact us to get started.

    Contact Us

  • Get Approved

    We'll let you know if you qualify and for how much.

  • Get to Work

    Start using your funds to grow your business.

Why BayFirst?

When you borrow or refinance using a USDA business loan from BayFirst, your rural project or business gets the powerful backing of one of the nation’s top government-guaranteed lending divisions. Our team will walk you through the process and provide personal attention at every turn.

Learn More and Contact Us

USDA Business Loan FAQ

A USDA B&I loan is a government-backed loan that is available to non-profits and businesses of all sizes located in eligible rural areas or businesses with investment real estate projects located in eligible rural areas. The purpose of the loan is to provide funding for expansion, modernization, purchasing equipment or inventory, refinancing and other efforts in order to stimulate the economy and create more jobs.

We provide USDA B&I loans to credit-worthy small businesses and non-profits located in rural areas, classified by the USDA as any location with a population not exceeding 50,000 residents. We also lend to businesses located outside of rural areas that are investing in real estate projects located in a rural area. Borrowers must be U.S. citizens and the business or project must meet certain requirements. Our USDA loan experts will explain your options and eligibility.

USDA business loans are made available through the U.S. Department of Agriculture to credit-worthy businesses and nonprofits located in eligible rural areas, as well as credit-worthy businesses investing in commercial real estate projects in rural areas. They are used to create jobs, modernize structures, and stimulate the economy in these areas. USDA B&I loans have longer terms than SBA loans, up to 40 years, and come with a $25 million maximum loan limit. 

SBA loans are made available through the Small Business Administration and provide small businesses located anywhere in the U.S. financing for business acquisitions, equipment purchase, working capital, expansion and more. They are not available to non-profits and come with a $5 million maximum loan limit and a max 25-year term.

A USDA B&I loan is a great way to fund your rural area’s project or business. These loans often have lower interest rates and longer repayment terms than conventional loans.

Only certain types of banks can provide USDA B&I loans. These include federal and state-chartered banks with a strong financial history and sufficient experience. We are proud to be one of these banks.

Yes, the USDA B&I loanprovides funding for qualifying businesses with projects and busineses located in rural areas. If you’re looking to buy a house in a rural location, there are other requirements for a USDA residential loan.