Resource Details
Agriculture, Business, Child Care, Economic Development, Energy, Health & Mental Health
Rural Economic Development Loan Program
Low interest rate gap-financing may be available to support qualifying business or community development projects.
The financing terms are as follows:
The amount is determined on a case-by-case basis by the cooperative board of directors; based on the project and specific loan program requirements.
The rate typically ranges from 0% to below prime interest rate.
The term of the loan may be up to a maximum of 10 years.
The loan shall have adequate security as determined by the cooperative board of directors.
Eligibility
Eligible Projects & Applicants:
Business/Organizations
For-Profit or Non-Profit
Commercial, Industrial, Retail, Distribution, Agricultural Processing
Land, Buildings, Machinery & Equipment
Community Facilities
Infrastructure (sewer, water, streets, rail)
Business/Industrial Parks
Fire/EMS Buildings & Equipment, Libraries, Community Centers
Health Care & Education
Hospitals, Clinics, Assisted Living, Child Care
Based on the unique attributes and needs of the applicant's project, Dairyland Power will also work to connect you with the right mix of resource providers including:
Local financial institutions
Local, state & federal economic development incentives
Local, state & federal loans and loan guarantees
Contact your Touchstone Energy Cooperative or Dairyland Power Cooperative economic development staff to discuss your project and begin the loan application process.
Dairyland Power Cooperative
Dairyland Power Cooperative is a generation and transmission (G&T) cooperative providing the wholesale electrical requirements for 24 distribution cooperatives and 27 municipal utilities.
Contact
608-787-1310
Related Resources
Agriculture, Arts & Culture, Child Care, Economic Development, Eldercare, Energy, Food & Beverage, Forestry & Paper, Native Peoples, Transportation, Workforce
Wisconsin Cooperative Development Grant
Wisconsin Economic Development Corporation
The Wisconsin Economic Development Corporation (WEDC) is offering grants to support the development of new and existing cooperatives in Wisconsin, with a goal of fostering the success of current and future cooperatives by supporting planning and exploratory research in advance of making a large investment.