AUXILIUMDevelopment Group

Certified USDA Loan Service Provider

Call now: (803) 992-8989

USDA Business & Industry Loan Programs (B&I)


The USDA Business and Industry (B&I) Guaranteed Loan Program is designed to assist rural businesses in communities of 50,000 or less obtain credit for most any legal business purpose. A borrower may be a corporation, partnership, individual, cooperative organization or other legal entity organized and operated on a profit or non profit basis. Individual borrowers must be citizens of the United States and corporations must be 51% owned by persons who are citizens of the United States.

Loan Purpose

Business and Real Estate acquisitions, construction, conversion, expansion, repair, modernization or development.
Purchase of equipment, machinery, or inventory.
Start-up costs and working capital.
Refinancing for viable projects.

Equity Requirements

For existing businesses, a minimum of ten percent (10%) tangible balance sheet equity is required at the time of issuing the loan note guarantee. For new businesses, twenty percent (20%) tangible balance sheet equity is required. Equity is calculated in accordance with general accepted accounting principles (GAAP).


Benefits to Businesses

Higher loan amounts
Less equity injection, lower interest rates and longer repayment terms assist businesses that may not qualify for conventional lender financing
Assist a business in providing stability, growth, expansion, and rural employment.


Our experienced team will:

  • Sort through the maze of conventional and government loan and grant programs to find the right fit for you.
  • Organize, assemble and prepare a comprehensive financing proposal tailored specifically to your business. This includes working directly with you to develop a Business Plan that will serve as your guide for continued operational success.
  • Seek out banks and other funding sources that WANT your business.
  • Work for YOU step by step throughout the loan process from origination to closing.


Benefits to  Lenders

Government guaranteed lending can be a great tool for providing customers with the financing they need. These programs also present challenges many lending institutions may not be staffed to handle.  


For lenders our services include:

  • Providing assistance in structuring the loan to meet all program  requirements while allowing the lender to meet its internal requirements.
  • Working directly with the business owner or farmer to organize, assemble and prepare a complete loan package for submission to the government agency.  We prepare all forms for the borrower and lender.
  • Acting as liaison with the agency underwriters and loan specialists, we expedite the project through the government process, reducing red tape.  
  • Assisting the lender and business owner throughout the closing process.
  • Collateral inspections.
  • Loan Status Reporting.
  • Annual credit reviews in compliance with program requirements.
  • Problem loan servicing, including liquidation plans, completion of loss claims and assistance with actual collateral liquidation.