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Community Facility Financing

Backing the Business of Rural America!

To reach the next stage, you need the right funding. 

Whether you’re an early learning center, medical center or cultural center, we know that traditional financing isn’t always the right fit for a community-driven facility. 

That’s where we can help. We are experienced in assisting businesses just like yours reach their fullest potential.

Community facilities serve an important role in bringing people together and enhance services to rural communities. Essential community infrastructure is key in ensuring rural areas enjoy the same basic quality of life and services enjoyed by those in urban areas.

First Bank of the Lake offers USDA Community Facility (CF) loans to develop or improve essential public services and facilities in communities across rural America. Vibrant rural communities need more than individual businesses to thrive. They also need community resources that contribute to quality of life and help retain and attract families and entrepreneurs. We’re committed to the future of rural communities.

We’ll help you navigate through the process and help take your business to the next level.

Benefits of a USDA Loan for Businesses.

  • Maximum loan guarantee is 80%
  • Flexible loan terms
  • May be used together with other funding sources
  • Local business experience and expertise
  • Professional service, personal attention

Take advantage of fixed or variable rate options through the USDA CF program.

  • Longer terms for cash flow enhancement
  • Lower down payments
  • Local decision-making and processing
  • Streamlined underwriting and closing process

Plus, with First Bank of the Lake you’ll enjoy:

  • Expert support and advice
  • Quick Response
  • Flexible Options
  • Experienced Underwriters

Businesses that qualify

  • Public bodies
  • Community-based nonprofits and cooperatives
  • Federally recognized Tribes

Is My Business Eligible for a USDA Community Facility Loan?

  • Available to nonprofit organizations or public entities in areas with a population of 50,000 people or less
  • Eligible projects include:
    • Building/land acquisition
    • Equipment acquisition
    • Construction of real estate improvements

From start to finish, we’re here for you!

You’ll have the support of a nationwide lender with an experienced underwriting and closing team. We’re ready to guide you through each transaction.
  • Deal Dynamics & Structuring
  • Due Diligence Process
  • Industry Insights

USDA Loans

A great tool for rural businesses! 

Ideas can grow into a thriving company, expand into new markets, and take your business to the next level of success. 

Talk to us about your business and where you want to go. We can help you get there. Find out what it’s like to work with a bank who puts you first.


All loans are subject to credit approval. Restrictions and limitations may apply. First Bank of the Lake does not provide tax, legal or investment advice. All decisions concerning these matters should be made in conjunction with your professional advisors.

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What will you need in order to apply for an SBA loan?

Download one of our handy checklists!