Capital for Rural Development

The Business & Industry (B&I) loan program of the USDA provides bank-funded government guaranteed loans from $1 - $25 million for qualified businesses.  A business must be located in a rural area with a population of less than 50,000 people to be eligible for this program.  These loans are fully amortized over a term of up to 30 years, depending on the useful life of the asset being financed. The interest rate is typically WSJ prime + 2% with a floor of 6% in the current market conditions.  The funds can be used for any standard business purpose including real estate, construction, equipment, inventory or working capital as well as the associated soft cost of the project such as appraisals, environmental studies, feasibility studies, legal fees, etc.  Collateral and personal guarantees are required.  Start-up ventures with a 20% equity base comprise a significant portion of our portfolio in this program as well as going concerns expanding in rural markets.

Cornerstone Financial, a full service consulting and investment banking firm established in 1990, is now celebrating 25 years of service to our clients.  We are widely recognized as industry experts in the B&I program and have an unparalleled track record of achievement in this market niche. Our comprehensive feasibility studies are a foundational element of our success.   We invite you to browse our website to learn more about the USDA B&I loan program and our exceptionally effective feasibility studies.  If you are a business seeking financing for a rural project or a banker, attorney, CPA, commercial realtor or other professional sourcing funding for your client, contact us today to see how we can put our two and a half decades of experience to work for you to get your project funded.

Cornerstone Adds Another Senior Partner

Cornerstone Financial is pleased to announce the appointment of Michael Cox as their newest Senior Partner. Michael is a graduate of Texas Tech University and brings over 30 years of business and investment management experience to the firm. Michael's tireless energy and creative problem solving skills will ad yet another dimension of depth to the already seasoned Cornerstone team.  In addition to having been a registered stockbroker and founder of a Broker/Dealer, Michael holds a Texas Commercial Real Estate license, which will now allow Cornerstone to operate in that space.  Michael resides in Katy, Texas and will work projects primarily in the Gulf Coast region of Texas.