USDA Releases Proposed Guaranty Limites and Fees for FY 2022
The USDA has released their FY 2022 schedule of Guarantee Rates and Fees for Business & Industry, Community Facility, Waste and Water, and Rural Energy for America Program. Read more...
July 13, 2021
#Loan Guide | #FY2021 | #Eligibility
Is the USDA B&I Guaranteed Loan Program Out of FY Funding???
Is the USDA's Business and Industry loan program running out of funding for this FY and what is the cause of the funding strain? Read more...
April 5, 2021
#USDA News | #FY2021 | #OneRD Changes
How to Obtain a Reduced Guaranty Fee on USDA Business and Industry Loans
Most lenders do not know that their loans are eligible for reduced USDA guaranty fees of 1% versus the 3% in the regulations. This post will detail the methods to qualify for a reduced guaranty fee for your projects. Read more...
February 16, 2021
#Loan Guide | #FY2021 | #Eligibility
Corrected Guarantee Fee and Percentage for Loans in Alaska
Bette Brand offers correction to the USDA Guarantee Fee and Guarantee Percentage for loans in extreme rural parts of Alaska. Read more...
January 21, 2021
#USDA News | #FY2021 | #OneRDChanges
USDA Business and Industry, USDA Community Facility, USDA Rural Energy for America Program, SBA Standard 7(a), and SBA 504 Loan Comparison Matrix
This is a simple chart showing the eligibility requirements, possible terms, and fees of these loan programs. Read more...
January 14, 2021
#Rural Development Loans | #SBA Loans | #Loan Guide
USDA Rural Development Secretary Bette Brand Publishes Top Lending Partners for FY2020
FY2020 Top lenders and analysis based on the news release from USDA Rural Secretary Bette Brand. Read more...
December 18, 2020
#USDA News | #Lenders | #FY2020
New Application Documents: 5001-1, 5001-2, 5001-3
New loan submission documents for the new OneRD loan program. This post covers the Application, Lenders Agreement, and RD Conditional Commitment forms. Read more...
October 15, 2020
#USDA News | #Documents | #OneRD Changes
Eligibility Part 1: Location, Balance Sheet Equity, and Term
Discussion of Location Eligibility, Balance Sheet Equity, and Term lengths in Rd5001 Regulations. Read more...
October 10, 2020
#USDA News | #Eligibility | #OneRD Changes
New USDA Guaranty Fees, Guaranty Limits, Renewal Fees and LNG Issuance Fee released for FY21
Release of the new Guaranty Percentages and Fees for FY21 relating to the new OneRD regulations to be enforced starting 10/1/2020. Read more...
September 2, 2020
#USDA News | #Annual Fees Notice | #OneRD Changes
About Me
I have originated, underwritten, and managed USDA B&I and CF loans for 8 years. I obtained a MBA from Valdosta State University in 2012 and have more than 11 years of banking experience. In my free time I like to work on my farm, golf, and spend time with my wife and two kids (1 & 3).
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