USDA Microloan

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Loans built for the unique rhythm of farms and rural businesses.

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Get funding that works as hard as your farm or rural business from a lender that understands how small town businesses tick

View 504 Rates

Funding up to

$50,000

Approval in as fast as 3 weeks

Competitive interest rates

Terms up to 7 years

What can I use a USDA microloan for?

Flexible funding that understands rural businesses from farms to feed stores and beyond

Inventory purchase

Stock up on everything from seeds to retail inventory

Working capital

Thrive during slow season with funding for day-to-day expenses

New initiatives

Launch value-added products or expand your offerings

Equipment purchases

Invest in new technology or equipment to help you work smarter

Improvements to your space

Upgrade your farm store, build an event space, and more

Start up costs

Funds to turn your side hustle into a full-time business

SBA 504 is the ultimate team effort

Typical SBA 504 loan structure

‍

‍SBA 504 loans work a bit different, in a way that we like to think of as a team effort. A commercial bank, RBAC, and you all bring funds to the table to make your project happen. Don't have a banking relationship yet? No worries—we work with great partners and can make an introduction.

10%

You contribute as little as 10% down (start ups and special cases may require a higher down payment)

40%

RBAC provides an SBA 504 loan for 40% of your project costs

50%

Your bank provides 50% to complete the financing

Do I qualify for a USDA loan?

The answer to whether you qualify for a USDA loan? We figure that out on a case-by-case basis—contact us if you're interested. Here are some good-to-knows upfront:

Business type

You must be a for-profit small business.

Business location

You must be located in a rural area.

Use of funds

You can use your USDA Microloan for almost any business purpose, including working capital, inventory, supplies, furniture, fixtures, or equipment. You cannot fund personal expenses with a USDA Microloan.

Credit and character

Credit score requirements are generally more flexible than banks, but you must show creditworthiness and the ability to repay your loan.

If you’ve had a past bankruptcy or have poor credit, but have a strong explanation (such as an illness or divorce), you may still be eligible for a loan.

Business stage

Startups and existing businesses are eligible, but startups will be required to show a business plan and financial projections and evidence of industry experience.

Other good-to-knows

Personal guarantees are required from all owners of 20% or more of the business.

Collateral may be required, if it is available.

Every person at RBAC is not only knowledgeable on SBA loan programs, but each person also gives every party to the transaction quick, personal and thorough attention to every detail. The RBAC team is like no other and should be trusted with every small business’s financing needs.

Nicole Perdoni

Esq., Hill Wallack LLP

At RBAC, everything runs very smoothly; everybody knows their job to do. They're recognized as a top SBA lender and have a very good reputation within the banking communities.

John Burke

Coastal Commercial Group

My businesses are located in small, low-income areas where few banks were able to help, but RBAC believed in me from the beginning, eased my concerns, and supported my success every step of the way.

Tiffany Caldarise

Owner, Rooster’s Roundup LLC

RBAC has the same synergy as we do. They have a similar personality, a similar work environment and culture. That’s what drew us to RBAC. It’s a perfect fit.

Yankie Markowitz

SBA Loan Group

They have very, very nice people in the office. They’re here to help make things work. I’ve never seen a company like them.

Solomon Wieder

Owner, The Honest Baking Company

I truly value that RBAC is in the relationship business, not just the lending business.

Mia Harris

Owner, Belliard’s Salon and Spa

I love the people at RBAC. They guided me through the process very well, and I love the whole program and how it works.

Russell D’Anton

Owner, B2 Bistro

Working with RBAC’s business advisory services program gave me the confidence, coaching, and financial tools to transform my spa into a thriving holistic med spa.

Mia Harris

Owner, Belliard’s Salon and Spa

Working with RBAC is great, because they have the expertise and knowledge to quickly identify viable transactions and execute on them efficiently for the best overall outcomes for the bank and the client’s sake.

Josh Donovan

Senior Vice President, Bank of America

It's time to make your business goals happen

Apply for a Loan

USDA Microloan

Get funding that works as hard as your farm or rural business from a lender that understands how small town businesses tick

What can I use a USDA microloan for?

Inventory purchase

Working capital

New initiatives

Equipment purchases

Improvements to your space

Start up costs

SBA 504 is the ultimate team effort

Do I qualify for a USDA loan?

It's time to make your business goals happen

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