USDA B&I HOTEL LOANS
Alliance Business Capital offers USDA B&I Loans from $500,000 up to $15 Million and more on Hotels throughout the U.S.
The property must be located in a USDA Eligible Area. In addition, the USDA has to have funds available in their budget or funding can be delayed until their new budget year.
Alliance will work with both the USDA and our Lending Partner to make obtaining a USDA B&I Loan for your Hotel as streamlined as possible. Typical closing time on a USDA B&I Loan is 120 days from your acceptance of a loan proposal.
USDA B&I Loan Program
Alliance Business Capital can assist on USDA B&I Loans up to $10,000,000
Acceptable Use of Proceeds on a USDA B&I Loan:
- B&I Loans may involve acquisitions, construction, conversion, repair, modernization or debt refinance
- Loan proceeds can be used for real estate acquisition and/or improvements, machinery, equipment, furniture, fixtures and working capital
- Closing costs and guarantee fees are also eligible
| Minimum Loan: | $500,000 |
| Maximum Loan: | $15,000,000 with exceptions possible on a case by case basis |
| Eligible Uses: | Acquisitions, New Construction, Conversion, Repair, Modernization or Debt Refinance, Equipment, FF&E and Working Capital |
| Eligible Areas: | Must be in a USDA Eligible Area |