Areas Served: Vernon County
Vernon Electric Cooperative welcomes new business start-ups and the expansion of business and industry.
We have experience in providing quality utility service to a variety of commercial and industrial sites.
Through our affiliation with Dairyland Power Cooperative, business assistance loans are available for qualifying economic development projects within our service area.
The rates are extremely favorable.
1. Maximum loan is $100,000. 2. Minimum interest rate on loan of 4% or equal to short-term borrowing rate.
Rate could be higher depending on project.
3. Rate may increase if energy projections are not met within 3 years.
4. 10 years maximum term on loan.
5. Loan amount can not exceed 50% of total project coSt. 6. Client equity of not less than 20% of project cost
Contact InformationVernon Electric Cooperative
Address: 110 Saugstad Rd.
City: Westby
State: Wisconsin
Website:
http://www.vernonelectric.org/content/economic-deveopment
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