Revolving Loan Fund
Chariton Valley Electric Cooperative plays an active role in the development of rural Iowa. To reflect its commitment, Chariton Valley Electric Cooperative promotes economic development through its Revolving Loan Fund (RLF) program to improve the quality of life in rural south central Iowa by contributing to long-term improvements 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.
Priorities of the RLF
- Job creation and retention
- Diversification of the local economy
- Improving the skills of the rural workforce
- Upgrading the public infrastructure to improve health, safety and/or medical care to rural residents
Who Administers the Program?
This fund is administered by the Chariton Valley Electric Cooperative Board of Directors. All information regarding the Revolving Loan Fund will at all times be kept confidential. If necessary, the Cooperative may seek the advice and counsel of outside consultants and sources in order to adequately perform due diligence regarding the project. The Chariton Valley Electric Cooperative’s RLF is an equal opportunity lender and requires loan recipients to adhere to all equal opportunity laws.
For more information, loan application, or to check availability of funds contact us at:
Chariton Valley Electric Cooperative Inc. 2090 Highway 5 South PO Box 486 Albia, IA 52531-0486 641-932-7126 800-475-1702