Areas Served: Audubon, Crawford, Carroll, Harrison, Monona, Sac, Ida,
Western Iowa Power Cooperative created the Community and Economic Development Revolving Loan Fund (RLF) to improve the quality of life in rural Iowa counties of Audubon, Crawford, Carroll, Harrison, Monona, Sac, Ida, Shelby and Woodbur by contributing to long-term improvement in the local economy.
The RLF is a local funding source with a goal of providing low-interest loans to assist with local economic and community development projects.
Our priorities include job creation and retention, diversification of the local economy, improving the skills of the rural workforce, and upgrading the public infrastructure to improve the health, safety and/or medical care of rural residents.
This fund is administered by Western Iowa Power Cooperative’s Board of Directors.
Eligible Uses of Funds
¢ Land purchase
¢ Buildings
¢ Fixed assets
¢ Machinery & equipment
¢ Infrastructure
¢ Residential housing projects (limits apply) Ineligible Uses of Funds
¢ Pre-development costs
¢ Refinances
¢ Individual Housing Projects
¢ Agriculture Products to Individual Farmers Loan Terms are set by Western Iowa Power Cooperative’s Board of Directors based on the financial need of the project.
The following is to be used as a guide for application requests: Loan Amounts
¢ Minimum loan .
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$25,000.00
¢ Maximum loan .
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$400,000.00 Interest Rates will vary from 0% to Prime Rate depending on the financial need of the project and its benefits to the rural area.
Contact InformationWestern Iowa Power Cooperative
Address: 803 Hwy 39N
City: Denison
State: Iowa
Website:
http://www.wipco.com/news_info/economic_dev/rlf.html
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