Leasehold improvements are often considered a necessary component for an efficient business operation. Perhaps the interior and/or exterior of the building must be renovated to accommodate the business moving in. There are a wide variety of leasehold improvements that can be performed and USAFG has the loan program to assist borrowers to accomplish these improvements.

Loan amounts range from $500.00 to $250,000.00.

The term for a leasehold improvement loan is 5 to 7 years, depending on the improvements.

Interest rates are fixed and depend entirely on current market factors and the overall risk of the business and/or project.

USAFG can finance up to 75% of the overall project cost on leasehold improvement loans. Therefore, the remaining 25% of the project cost must be in the form of an equity contribution by the borrower. This contribution can be in the form of cash, investment or financing by an independent third party (lender, friend, or family member).