Rolling Hills Electric Cooperative Association, 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
  • 3-5 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 Clay, Dickinson, and Marshall Counties.
Special requirements/features:
  • Servicing fee of 1%
  • Annual letter of credit fee charged by bank

See Business Finance Program for assistance.

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