USDA Rural Business and Industry Loans
The USDA B and I program is a core program for CLP. Over the past five years, Bill has assisted multiple financial institutions in placing nearly $500 million of these loans. The typical loan amount averages roughly $8 million and comes with a government guarantee. On loan sizes of $1 million to $5 million there is typically an 80% guarantee. On loan amounts of $5 million to $10 million there is typically a 70% guarantee. On loan amounts between $10 million and $25 million there is typically a 60% guarantee. Click here to read more from the USDA.
USDA Renewable Energy 9003 Loan Program
The USDA 9003 program is designed to assist “next generation” renewable energy projects. Loan amounts on the 9003 programs can be as high as $250 million. A unique feature of the 9003 program is the ability of the lead lender to alter the interest rate on the guaranteed and non-guaranteed portions of the loan. For example, the guaranteed rate might be Prime + 2% and the rate on the non-guaranteed portion of the loan might be Prime + 7%. This is designed to attract more lenders to the program. In addition, the 9003-loan program provides an 80% guarantee on loan amounts up to $150 million. On loan amounts above $150 million there is usually a 70% guarantee. Click here to read more from the USDA ...
SBA 7(a) loans
Regular SBA 7(a) loan amounts are typically $2 million to $5 million and can be used for real estate, business acquisition, equipment financing and inventory financing. These loans typically have a 75% guarantee. Other SBA 7(a) programs have an “express loan” option with a typical loan amount between $250,000 and $350,000. These loans can be approved more quickly than the regular 7(a) loans and usually have a 50% guarantee. The SBA 7(a) program also has an “export loan” component. These loans are typically $2 million to $5 million and come with a 90% guarantee. Click here to read more from the SBA ...
SBA 504 loans
The SBA 504 program is for real estate only and does not include the sale of a guaranteed portion. A typical 504 loan is between $3 million and $10 million; the benefit to lenders participating in the program is the 1st Lien position, which usually comes with a 50% LTV. Click here to read more from the SBA ...