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 (REDLEG) 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.

• REDLEG 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.