The USDA’s Food Supply Chain Guaranteed Loan Program makes capital more accessible and provides unique benefits to companies that are part of America’s food supply chain. West Town Bank & Trust has financed more than $450 million in USDA business loans for borrowers in nearly all 50 states, and is committed to supporting this critical industry and strengthening our country’s food supply system.
Program Benefits
Access unique benefits through this newly created program, including:
- Loans available up to $40 million
- No guarantee fees for borrowers
- Flexible loan terms
- No geographic restrictions (both rural and non-rural businesses)
Eligibility Requirements
Eligible businesses must be engaged in commercial food production projects, either directly or indirectly. This may include business involved in any of the following:
- Food manufacturing, aggregation or processing
- Food transportation
- Food storage
- Food wholesaling
- Food distribution
How Can Funds Be Used?
Loan proceeds may be used for a wide variety of projects, including:
- Purchase or development of land, buildings, or infrastructure
- Purchase of machinery or equipment
- Working capital
- Business conversion, enlargement, repair, modernization or development
- Building or equipping facilities for lease to enterprises engaged in commercial of industrial operations
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“We are grateful to have worked with West Town Bank in securing USDA and construction financing for the landfill gas to RNG project in which our fund invested. The West Town Bank team remained focused, patient, and facilitated creative solutions throughout the entire process.”
– Greg Roti, CEO of Climate Capital Partners