C-PACE FREQUENTLY ASK QUESTIONS

Borrower frequently asked questions

C-PACE FREQUENTLY ASK QUESTIONS

Can I apply for my agricultural business? The programs are not available for farming or ranching but could be available for ag ag related businesses.
Are any of the programs available for the entire nation? Food Supply Chain program is eligible in both urban and rural areas for projects including, but not limited to, aggregating, processing, transporting, and distribution.
What size do the programs offer?                                                                                                                                                                                                 Business & Industry - $1MM - $25MM                                                                                                                                                                                                   Rural Energy for America - $1M - $2MM                                                                                                                                                                                                    WEP - $250,000 - $50MM                                                                                                                                                                                                                         CG - $1MM to $100MM                                                                                                                                                                                                                          FSC - Up to $40MM
Can multiple loan programs fund one project? Loan program types can be combined based on the project use of funds and eligibility.
Are any of the programs available for the entire nation? Food Supply Chain program is eligible in both urban and rural areas for projects including, but not limited to, aggregating, processing, transporting, and distribution
Can loans be use for refinance purposes? Loans can be used for refinance if the existing debt improves borrower cashflow. Debt cannot be refinanced for cash-out purposes.
How can loans be used? Loan funds can be used for many eligible purposes, including construction of improvements, land acquisition with development, business acquisition, complete partner buyout, equipment purchase, working capital, refinance and more.
I have a construction project, do I have to get a separate construction loan? You do not need a separate loan as USDA loans are structured as construction to permanent financing with conversion at the completion of construction. This means just one loan application is required for the project.