The rural-urban divide in the United States is particularly prevalent, with major economic and cultural differences. And unfortunately, smaller populations in rural communities can sometimes make it harder to get a small business up and running.
Thankfully, entrepreneurs in rural areas have an easier time getting business financing, which helps them grow small businesses and revitalize struggling rural areas. Plus, more and more entrepreneurs are relocating to rural parts of the country to benefit from reasonable operating costs, low taxes, and a simpler lifestyle. Farms and ranches tend to be the center of rural areas and are crucial to creating good jobs and vitality for the community.
If you’re an entrepreneur who prefers the countryside over big cities, you’ve likely heard of the USDA business loan. This government-backed financing program helps improve the quality of life in rural communities by enhancing economic opportunities—particularly for farmers and ranchers.
Our guide below will give you all the facts you need to know about the USDA business loan.