USDA Business Industry Loan Guarantee Program

The purpose of the USDA Business and Industry Loan Guarantee program is to improve, develop, or finance business, industry, and employment in rural communities.

Qualifying applicants include:

  • For-profit businesses
  • Nonprofits and cooperatives
  • Federally-recognized Tribes and public bodies 

Organizations financed under this program must be located in rural areas under 50,000 in population and non-urbanized areas. The program provides businesses with a loan guarantee with up to 80% on loans for existing businesses with a maximum loan amount of $5 million. This loan program will finance businesses with working capital, machinery, equipment, and fixtures and commercial real estate. 

NM EDD Programs