Low-rate Loans Available for Arkansas Businesses

The United States Department of Agriculture’s (USDA) Rural Development office has stimulus money available for those opening a business in an area with a population of 50,000 or less.
$58 million in business and industry guaranteed loans are available and must be used by September 30, 2010. The program offers guaranteed loans to assist businesses in developing land, purchasing equipment and buildings as well as providing work capital.
“USDA Rural Development guarantees loans to new or existing business. We encourage businesses to contact us, or talk to their local bank to apply as early as possible,” said Lawrence McCullough Rural Development State Director in a press release.
These loans have no annual renewal fee and a lower guarantee fee of 1 percent instead of the average 2 percent in the past.
In need of a loan to enhance or start your agricultural business? Contact Farm Plus today. Low-rate loans are available starting at 2.95% and we work alongside government agencies such as the FSA to help you get the assistance you need. Call us at 866-929-5585 or visit us online for more information.