Skip to main content
Alert Icon

Click for our most recent information on:   COVID-19  |  Branch Status  

Alert Exit

USDA Business and Industry Loans (B&I)

Contact Us

Grow with us.

We want to help create and maintain employment opportunities in your rural communities to improve the local economic and environmental climate for everyone who calls your town home. Let’s do it together.

Meet the Team

FrayneBentley Image

Frayne Bentley

Regional Executive

DavidMatthews Image

David Matthews

USDA Business Development Officer

Learn more about USDA lending.

How can loan funds be used? Eligible uses include, but are not limited to:

  • Business conversion, enlargement, repair, modernization or development
  • The purchase and development of land, buildings and associated infrastructure for commercial or industrial properties
  • The purchase and installation of machinery and equipment, supplies or inventory
  • Debt refinancing when such refinancing improves cash fow and creates jobs
  • Business and industrial acquisitions when the loan will maintain business operations and create or save jobs

What can loan funds NOT be used for?

  • Lines of credit
  • Owner-occupied and rental housing
  • Golf courses or golf course infrastructure
  • Racetracks or gambling facilities
  • Churches or church-controlled organizations
  • Fraternal organizations
  • Lending, investment and insurance companies
  • Agricultural production, with certain exceptions
  • Distribution or payment to a benefciary of the borrower or an individual or entity that will retain an ownership interest in the borrower

What is considered an eligible area?

  • Rural areas not in a city or town with a population of more than 50,000 inhabitants
  • The borrower’s headquarters may be based within a larger city as long as the project is located in an eligible rural area
  • The lender may be located anywhere in the United States

What are the business restrictions?

  • Individual borrowers must be citizens of the United States or reside in the U.S. after being legally admitted for permanent residence
  • Private-entity borrowers must demonstrate that loan funds will remain in the U.S. and the facility being financed will primarily create new or save existing jobs for rural U.S. residents

What type of businesses qualify for these type loans?

  • For-profit or non-profit businesses
  • Cooperatives
  • Federally-recognized tribes
  • Public bodies
  • Individuals engaged or proposing to engage in a business

Frequently Asked Questions

Who do I contact if I have questions about my business loan?

Stop by one of our locations near you to speak with a loan officer.

If you'd like to speak with one of our customer support representatives, please call us at 1-800-UCBANK1 (1-800-822-2651).

I’m switching my hazard insurance to a different company. What do I do?

You need to let us know as soon as possible by fax or mail at the address below that you’ve changed insurance companies.  Please include your name, address and loan number, along with the new policy information.

Mail:
United Community Bank
ISAOA/ATIMA
P O Box 7092
Troy, MI 48007-7092 

Fax: 1-248-710-1630

You may also submit your insurance policy online at http://www.expressinsuranceinfo.com/3076927

Please ensure that the mortgagee clause on the new policy matches the name and address above. 

What number do I call if I have a question about my insurance?

Please call our Insurance Department at 1-888-801-6590 for questions about an insurance notice or if you change insurance providers.

What SEC code should I use when originating ACH transactions?

When you originate ACH, you are directed to select a three-character code that identifies the recipient of the transaction. Please be sure you’re selecting the correct SEC code:

  • Select PPD if the recipient is a person or consumer and written authorization is obtained.
  • Select CCD if the recipient is a company or organization and written authorization is obtained.

Didn't find what you are looking for?

View All FAQs  or  Contact Us.

Learning Center

ARM vs. Fixed Rate: Which mortgage is right for me?

By United Community Mortgage Services

When you start shopping for a mortgage, you’re going to run into two rate options: fixed and adjustable rate.1 So, how do you know which one is right for you?2

The first step is understanding the difference between the two.
 
Read Article

Investing: where to start

There’s an old proverb that sums it up well: “The best time to plant a tree is 20 years ago, but the second best time is now.” Think about how pleased you’ll be with yourself 20 years from now if you start investing today. The fact that you’re here researching your options means you’re on the right track.
 
Read Article

9/11 stories from Team United

Today, marks the 20th anniversary of the 9/11 attacks. To commemorate this day, we asked our United team members to tell us what they remember from September 11, 2001. 
Read Article