The USDA Rural Business-Cooperative Service Business and Industry Guaranteed Loan Program aims to improve rural communities by financing businesses and industry. The program bolsters the private credit structure by guaranteeing quality loans of up to $25 million that provide long-term community benefits. Eligible lenders include banks, credit unions, and farm credit institutions. Borrowers must be located in rural areas and engaged in for-profit or nonprofit businesses. The guarantees cover between 60-80% of loans depending on size, and fees of 2-4% are charged. Loans can finance working capital, equipment, real estate, and debt refinancing to start or expand rural businesses.