Stearns Bank is a nationwide USDA Business & Industry (B&I) lender with a history dating back to the 1980s. We have an in-depth knowledge of the USDA loan program and pride ourselves on delivering quality efficient service across the country to a variety of industries. USDA loans are a high priority for us and we are committed to promoting economic opportunities in rural communities by providing financing to businesses within these communities. 

USDA Business & Industry (B&I) Loans:

The USDA B&I Loan program provides an opportunity for stability, growth, expansion & rural employment to new or existing businesses in communities of 50,000 people or less.

Loan Amounts $1 million to $20 million or more
Loan Uses Business & industrial projects, acquisitions, refinancing, construction, modernization, expansion, and the purchase of equipment, machinery & supplies
Loan Terms Longer repayment terms up to 30 years
Equity Injection A minimum of 10% tangible balance sheet equity (20% for new businesses)
Eligibility Any legal entity including individuals, public, and private organizations located in a rural community s defined by the USDA Mapping Program - check eligibility now ( website)

In working with our experience lending team, we walk you through the entire USDA loan process. Call 1-800-320-7262 or inquire now. We get the job done!

A few USDA projects
we've financed:

Movie Theater
$4.5 Million
South Carolina

Manufacturing Facility
$17.3 Million

$3.1 Million

Cotton Gin
$2.2 Million

Renewable Energy

$12.5 Million

Medical Facility
$1.6 Million

Assisted Living
$4.3 Million

Rice Mill
$2.7 Million