USDA funding for business acquisitions?

by a searcher from Pepperdine University - Graziadio School of Business and Management

Sep 24,2022

We are close to maxing out our $5mm SBA financing and came across a business that is located in a USDA designated rural area (population <50,###-###-#### Are there any USDA lenders here who can give guidance on using USDA funding for business acquisition?  Any major requirements and/or limitations?

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lender from California State University, Sacramento - College of Business Administration

Live Oak is the nation's #1 USDA lender. Per Kyle above, the USDA requires the project to be fully secured. So it's a fixed asset/real estate program more closely related to the 504 program. USDA isn't really designed for asset lite business acquisition.

09/26/2022 | like reply | 1 like

lender from Fordham University - Gabelli School of Business

Terrence, for USDA we need collateral. What is the total cost, total real estate and equipment value? Reply to: --@----.com

09/24/2022 | like reply | 0 likes

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