Community Facilities Guaranteed Loan Program
Leveraging Competitive Terms to Help Your Community Infrastructure
As a USDA-licensed lender, August Brown provides affordable financing with the Community Facilities Guaranteed Loan Program under the OneRD Guaranteed Loan Initiative to qualified borrowers to develop essential community facilities in rural areas. The August Brown team has unique expertise in the USDA’s loan programs and is committed to working with you to create the best financing to meet your needs. The August Brown team will provide you with a loan that has competitive terms and supports your rural business.
Eligible Areas
Primarily serving rural areas with populations of 50,000 residents or less based on the last census and not contiguous with an adjacent populated area. The USDA mapping link will confirm eligibility. Click to link – http://eligibility.sc.egov.usda.gov
Terms
- Loan ranges of $1MM to $100MM
- Maximum loan term of 40 years
- Fixed or variable rates
Qualified Applicants
- Public Bodies
- Federally recognized tribes
- Non-profit organizations
Proceeds
May be used to construct, enlarge, extend, or otherwise improve essential community facilities. Examples include:
- Health care facilities and services, including but not limited to hospitals and senior care facilities
- Fire, rescue, and public safety facilities and services
- Community, public, social, educational, or cultural facilities or services
- Certain utility projects
- Certain telecommunications end-user equipment when related to public safety, medical, or educational telecommunication links
- Water infrastructure facilities such as levees, dams, reservoirs, inland waterways, canals, and irrigation systems
- Purchase and installation of renewable energy systems for use by an essential community facility
- Land acquisition and necessary site preparation including access ways and utility extensions to and throughout an industrial park site.
- Community parks, community activity centers, and similar types of facilities
Overall Benefits
- 100% financing for qualified projects
- Extended loan terms
- Construction financing available