- Steps in SBA Lending
- 7(a) Loans
- 7(a) Loan Package Templates
- Standard 7(a) Authorization Wizard
- Standard 7(a) Authorization File Library
- Standard 7(a) Boilerplate
- CAPLines Authorization Wizard
- CAPLines Boilerplate
- CAPLines Authorization File Library
- EWCP Authorization Wizard
- EWCP Boilerplate
- EWCP Authorization File Library
- Community Express Authorization Template
- SBA Express-Patriot Express Authorization Template
- SLA Loan Authorization
- 7(a) Loan Evaluation Criteria
- Preparing to Submit a 7(a) Loan Package
- PLP Loan Eligibility
- 7(a) Loan Package Templates
- Preparing for Servicing a 7(a) Loan
- Preparing for Servicing an Express Loan
- 7(a) Servicing Checklist for PLP or Express Loans
- 7(a) Servicing and Liquidation Actions Matrix
- Top 10 Screen Out Reasons
- Reinstatement of SBA Guaranty
- Transfer of Participation
- Preparing for 7(a) Liquidation Submission
- Entering a 7(a) Loan Into Liquidation
- Closing the Liquidation Process
- NGPC Liquidation Processing
- Preparing a Liquidation Plan
- Care & Preservation of Collateral Tabs (CPC Tabs)
- Offer in Compromise Tabs (OIC Tabs)
- Sale-Release of Collateral
- Guaranty Purchase
- Requesting Purchase for a 7(a) Loan
- Preparing a 7(a) Purchase Package
- Preparing an Express Purchase Package
- Electronically Submit Your Package
- Denials of Liability & Repairs
- Top Reasons for Repair & Denial
- Secondary Market Purchase
- 7(a) Terms & Conditions
- 7(a) Eligibility
- CDC/504 Loans
- Preparing to Submit a 504 Authorization Package
- CDC/504 Authorization Package Templates
- CDC/504 Application Process
- Section 504 Loan Application
- CDC/504 Evaluation Criteria
- 7(a) Loans
- SBA Loan Programs
- 7(a) Loan Programs
- Permanent 7(a) Loan Programs
- Pilot 7(a) Loan Programs
- Rural Business Investment Program (RBIP)
- New Markets Venture Capital Program
- CDC/504 Loan Program
- Microloan Program
- Disaster Loan Program
- Loan Program Quick Reference Guide
- 7(a) Loan Programs
- Working with The SBA
- Become an SBA Lender
- How to Participate in the PLP
- How to Participate in the CLP
- Other Partnerships with SBA
- How to become a PRIME Lender
- How to become a Microloan intermediary
- How to Participate in the Surety Bond Guarantee Program
- How to Become a Member of the SBIC Program
- Become an Express Lender
- Franchise Findings
- Advertising SBA Relationship
- Search Lender Docs
- Find a SBA Resource
- Commercial Loan Service Center (Little Rock, AR)
- Commercial Loan Service Center (Fresno, CA)
- National Guaranty Purchase Center (Herndon, VA)
- Sacramento Loan Processing Center (SLPC)
- 7a Loan Guaranty Processing Center (Citrus Heights, CA)
- IRS Contact Information
- National Disaster Loan Resolution Center (NDLRC)
- Submit Your Forms
- Search SBA Lenders
- Secondary Market
- Lender Reports & Data
- Lender Reporting
- Lender & Loan Data
- Lender E-Payments
- Lender Portal
- Who is eligible for E-tran?
- What is the maximum interest rate?
- Isn’t floor plan financing available through GMAC?
- What can be financed?
- What is the underwriting process?
- Are there some actions that the lender can take unilaterally first and then tell SBA after the fact?
- Are there some servicing actions that must receive prior approval by SBA?
- Does SBA have to approve these payment modifications?
- Can payment modifications be made to loans sold on the Secondary Market?
- What provisions of SBA’s SOP address these payment modifications?
- What types of payment modifications are available in connection with an SBA guaranteed loan?
- How do I get started using E-Tran?
- How does E-Tran work?
- What are lenders saying about E-tran?
Rural Business Investment Program (RBIP)
Currently applications for non-leveraged Rural Business Investment Companies (RBICs) are being solicited by the U.S. Department of Agriculture (USDA).
If you are interested in applying as a non-leveraged RBIC, more information on the current Program Notice and Application Procedure, and the RBIP Rules in 7 C.F.R. Part 4290 may be found on USDA’s website.
The Rural Business Investment Program (RBIP) promotes economic development in mostly rural areas by helping to meet the equity capital investment needs of smaller enterprises located in such areas. The program is similar to SBA venture capital programs – the Small Business Investment Company (SBIC) and New Markets Venture Capital (NMVC) programs. USDA licenses newly formed for-profit venture capital companies as Rural Business Investment Company's (RBICs) to make equity, and equity-like, investments mostly in smaller enterprises located primarily in rural areas.
General Eligibility Requirements:
An applicant may be eligible to apply for an RBIC license if the applicant-
- Is a newly formed for-profit entity or a newly formed for-profit subsidiary of such an entity;
- Has a qualified management team with experience in relevant venture capital financing or community development financing; and
- Will invest in enterprises that will create wealth and job opportunities in rural areas, with an emphasis on smaller enterprises.
- At least 75% of RBIC investments (measured both by dollars invested and number) must be made in Rural Business Concerns (i.e., an Enterprise whose principal office is located outside a standard metropolitan statistical area or within a community with a population of 50,000 or less).
- No more than 10% of investments (measured both by number and dollars invested) may be in Enterprises whose principal office is located in an urban area (defined by the Census as having a population of 150,000 or more.)
- At least 50% of RBIC investments (measured both by number and dollars invested) must be in “Smaller Enterprises,” and of those, at least 50% must be in “Small Business Concerns”.
RBIC applicants must identify the rural areas their fund will target and demonstrate how the fund will assist those areas through disciplined, profit-oriented investing in rural enterprises.
RBIP Rural Area Locator: To find out if an enterprise is located in a qualified rural area for purposes of the RBIP, please refer to the following link for USDA Income and Property Eligibility and select Property Eligibility for Business Programs. From the menu options available, select the Rural Business Investment Program or the Business and Industry Guaranteed Loans; either may be used to determine the eligibility for a specific address under the RBIP.
For More Information: For background and additional information on the Rural Business Investment Program, please click here to access the RBIP Fact Sheet.
Note: The RBIC application is intended for a newly formed for profit venture capital company that intends to be licensed as a RBIC and intends to raise a minimum of $10 million in private equity capital. Neither SBA nor USDA will provide debt, debt guarantees, or equity financing directly to small businesses or other entities under the RBIP. Small businesses interested in such financing should visit SBA’s website or the USDA Rural Development website to find a financing program appropriate to your small business needs.
- Meritus Ventures, LP
PO Box 1738
London, KY 40743
- Licensed September 28, 2006
- Targeted Rural Areas: Kentucky, Tennessee, Ohio, West Virginia, Virginia, North Carolina, South Carolina, Georgia, Alabama, Mississippi and Arkansas.