Areas Served: Jones, Jackson, Buchanan and Clinton Counties
The Maquoketa Valley Electric Cooperative Intermediary Relending Program (IRP) provides low interest loans to assist with local economic and community development projects following similar goals as with the RLF previously mentioned.
Minimum and maximum loans range from $50,000 to $150,000 with a 3-5% interest rate.
The maximum loan term is 10 years with the specific length generally based on the collateral offered.
A minimum of 50% of the project must be funded from equity or debt sources other than the CIPCO IRP.
The fund currently targets projects in Jones, Jackson, Buchanan and Clinton Counties in the Maquoketa Valley Electric Cooperative service area.
Contact InformationMaquoketa Valley Electric Cooperative
Address: 109 N Huber
City: Anamosa
State: Iowa
Website:
http://www.mvec.com/index.php?option=com_content&task=view&id=38&Itemid=41
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