Industrial IRP Loans
Caney Fork Electric Cooperative, through the USDA, has two loan programs available for new and existing businesses, the Rural Economic Development Loan Program (REDL&G) and the Intermediary Relending Loan Program (IRP). Loans can be used to purchase land, buildings, or equipment. Loans amounts and interest rates will vary according to job creation.
- REDL&G loan program has a maximum loan available of $740,000 at 0% interest over ten years.
- IRP loan program has a loan maximum of $250,000 at varying interest from 2% to 7% for up to ten years.