Prairie Land Electric Cooperative, Inc.

Loan amount available:
  • Up to 80% of project cost (subject to availability of funds)
  • Minimum loan amount of $5,000
Interest rate:

1%, see special features for other fees

  • 1-3 years for working capital and inventory
  • 5-7 years for machinery/equipment and furniture/fixtures
  • 10 years for real estate
Primary eligibility requirements:
  • Letter of credit from bank equal to loan amount requesting from program.
  • Program not available in Dickinson, Ellsworth, Lincoln, Marshall, Ottawa, Saline, and parts of Washington Counties.
Special requirements/features:
  • Servicing fee of 1%
  • Annual letter of credit fee charged by bank

See Business Finance Program for assistance.

Return to Business Financing Resource Page