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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.

Contact one of our lending experts.

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Frayne Bentley

Regional Executive

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David Matthews

USDA Business Development Officer

Learn more about USDA lending with United.


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 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


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

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.

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