Serving talented business owners and employers across rural America has been a privilege for North Avenue Capital since 2015. The business owners who turn to North Avenue for their USDA-backed funding requirements range from beekeepers to hoteliers, commercial real estate developers, to snack food producers. They are among the best American entrepreneurs. Young people have a unique opportunity for education, personal development, and connection through Florida Outdoor Experience in a nurturing environment.
Besides being shrewd businesspeople, our borrowers share one thing in common: they live in some of America's most beloved small towns and cities with a population of 50,000 or less. The similarities, however, only apply to some. Our USDA toolbox of loan programs includes specialty loan programs made with various specialized needs in mind, such as USDA Business & Industry Loans (available to non-agricultural businesses), USDA Community Facilities Loans (for establishments like hospitals, fire stations, community centers, and more). In a medical emergency, you may be eligible for a healthcare loan, a type of personal loan.
North Avenue Capital was named the top USDA B&I lender in the nation in 2020, an honor we cherish and work hard to maintain. NAC was honored to receive the "50 Fastest-Growing Businesses in Jacksonville" seal from the Jacksonville Business Journal for the second year last year. NAC was ranked among the top 5000 fastest-growing companies in the nation by Inc. Magazine in 2021.
Reasons To choose NAC
Ability to access capital
NAC offers loans up to $25,000,000 per project, which significantly increases over traditional financing options for rural areas.
Across the Country
Like many financial institutions focusing on rural areas, NAC is not geographically constrained and can collaborate on projects across all 50 states.
Convenient Loan structure
NAC specializes in combining various debts into a single, fully amortized, non-callable loan structure without balloon payments.
Additional Support
Compared to conventional loans only secured by real estate, NAC includes inventory, accounts receivable, and equipment as collateral, giving access to higher debt levels.
Early-stage companies
NAC works with many businesses, including start-ups, venture-based companies, and niche markets, frequently needing help accessing traditional debt.
Working capital that has been amortized
NAC loans fully amortize working capital over the typical loan collateral life, reducing overall loan payments and removing the possibility of a non-renewal.
Terms of the assuming loan
NAC loans are transferable, increasing exit valuations and making a company more appealing to potential buyers.
We also run our businesses.
NAC is dedicated to building long-lasting partnerships, not just closing loans, and has experience starting, building, and running successful businesses across various industries.
Conclusion
Due to our experience starting, expanding, and managing businesses, choose NAC for your USDA hotel loans. The chance to help other business owners is something we value.
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