Rural Loans

The Rural Loan Program was created by SAFE-BIDCO in cooperation with the United States Department of Agriculture (USDA) Rural Development.

The USDA Rural Development has authorized SAFE-BIDCO to promote a low interest, fixed rate loan program to encourage new business growth and promote existing business expansion.

Borrower should have at least 25% equity injection.

There MUST be some financial participation by the new or existing business owner. This can be accomplished through equity contribution or other established collateral sources (note: collateral is required).

Eligible Borrowers

Existing business owners as well as those who desire to start up or acquire an existing enterprise in:

  • Butte
  • Colusa
  • Contra Costa
  • Del Norte
  • Glenn
  • Humboldt
  • Lake
  • Lassen
  • Mendocino
  • Modoc
  • Plumas
  • San Benito
  • Shasta
  • Seirra
  • Siskiyou
  • Solano
  • Sonoma
  • Tehama
  • Trinity
  • Yuba

Eligible Projects

  • Business start up or acquisition
  • Facility purchase
  • Expansion or modernization
  • Working capital
  • Furniture & fixtures
  • Equipment purchases and upgrades
  • May be used in conjunction with other business
  • Financing to meet lender requirements
  • Rural Business (Residency is required)

Excellent Terms

  • Fixed rates
  • Loans up to $250,000
  • Terms up to 7-years for working capital
  • Terms up to 15-years for equipment purchase
  • Terms up to 25-years for real estate
  • Interest Rates

▪ Over $50,000 (Prime + 2.75%)
▪ %50,000 or less (Prime + 3.75%)

Terms and conditions subject to change

NEWS

Did you know: Historically, small business creates 63 percent of new private-sector jobs fb.me/37mLJ5pVl

About 3 days ago from SAFE-BIDCO's Twitter via Facebook

  • Subscribe to e-newsletter

    • This field is for validation purposes and should be left unchanged.
» View Newsletter Archive