FINANCE OPPORTUNITIES FOR YOUR NEXT PROJECT
JREC invites you to discover the Cooperative Difference where their customers—business, residential, and agricultural—are their member-owners. From grassroots development initiatives to existing business expansion, entrepreneurial development, and new business attraction, their team is here to assist you in applying for a rural economic development loan.
RURAL ECONOMIC DEVELOPMENT LOAN PROGRAM
Low interest rate gap-financing may be available through Jump River Electric Cooperative to support qualifying business or community development projects.
- Business/Organizations
- For-Profit or Non-Profit
- Commercial, Industrial, Retail, Distribution, Agricultural Processing
- Land, Buildings, Machinery & Equipment
- Community Facilities
- Infrastructure (sewer, water, streets, rail)
- Business/Industrial Parks
- Fire/EMS Buildings & Equipment, Libraries, Community Centers
- Health Care & Education
- Hospitals, Clinics, Assisted Living, Child Care
- Amount
- Determined on a case-by-case basis by the cooperative board of directors; based on the project and specific loan program requirements
- Rate
- Typically ranging from 0% to below prime interest rate
- Term
- Maximum of 10 years
- Security
- Adequate security as determined by the cooperative board of directors
Contact Jump River Electric Cooperative at 715-532-5524 to discuss your project and begin the loan application process.
Based on the unique attributes and needs of your project, we will also work to connect you with the right mix of resource providers, including:
- Local financial institutions
- Local, state & federal economic development incentives
- Local, state & federal loans and loan guarantees
