Helping Rural Businesses Grow & Thrive

A woman in a greenhouse, focused on a laptop. Surrounding her are rows of vibrant flowers, creating a serene and productive atmosphere.
Two men in a field, one wearing a hat and vest, the other in a plaid shirt, point across freshly tilled soil, suggesting a planning discussion.
Specifically designed to help businesses located in rural areas, United States Department of Agriculture (USDA) Business & Industry (B&I) loans can be used to meet a wide array of financial needs and eligible loan purposes and limitations. B&I loans are a win-win for eligible business owners and lenders, offering business owners the potential for financing on terms that may not qualify for conventional financing. 
The lending team at Hanover Bank has many years of experience in the USDA B&I sector and can help you navigate the application, approval and funding process.  

Key Features of the USDA B&I Loan Program Include1:

  • Flexible terms and financing.
  • Tailored for rural areas.
  • Loans up to $25M.
  • No balloon payments.
  • Up to 15-year terms (or useful life) for machinery and equipment purchases.
  • Up to 30-year terms for real estate.

    Disclaimer: 1This is not an offer of credit. All credit applications are subject to our normal underwriting and credit approval process. Terms and Conditions apply.           

Let’s build something rooted in success.

Our USDA specialists are here to guide you every step of the way.

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