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Business USDA Loans

LOSB serves smaller communities.  As a result, we have access to USDA Business Loan Programs.  USDA Business Loans simply add to the variety of options LOSB has available.  Whether you are a start-up or an established business, USDA Business Loans provide a wide range of quality, flexible loan structures. 

If you are unsatisfied with your current loan situation or bank, the USDA provides refinancing opportunities that can potentially make it easier to switch banks or lenders.

USDA Guaranteed Business Loans

• USDA Guaranteed Loans Federal Loan Program in which at least an 80% guaranty is given to the bank
• No Balloon Payments
• Must be approved through LOSB as well as the USDA
• Information collected for LOSB is the information needed for the USDA
• Flexible loan structures
• Variety of uses qualify (can be used for short term or long term money)
• Amortization depends on loan type

Contact Your Local LOSB Commercial Lender or visit the USDA Official Website for More Information!