Jeremy Gilpin, Greater Commercial Lending’s Executive Vice President, penned this article in Forbes on how USDA Rural Development Business & Industry Loan Guarantees enable credit unions, community banks and institutional investors to help green tech and renewable energy to thrive in rural areas.
Normally, these types of projects might not be attractive to traditional lenders, or these enterprises would lose control, flexibility and equity with too much private investment. But thanks to these USDA loan guarantees, lending organizations can fund riskier projects that create greener businesses and environmental revitalization. See examples of these innovative projects work.
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The USDA Food Supply Chain Guaranteed Loan Program Is Ending – Here Are Alternatives To Secure Funding In December 2021, the USDA announced the Food Supply Chain Guaranteed (FSC) Loan Program, which guaranteed loans up to $40 million for qualified businesses in both food processing and supply infrastructure. Read Article -
One Way to Solve Liquidity Challenges for Small Banking Institutions It’s well known that some banking institutions — including some community banks and credit unions — are facing unprecedented pressures and challenges in the current financial landscape. Read Article