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.

Touchstone Energy® Cooperatives is a national network of electric cooperatives across 46 states that provides resources and leverages partnerships to help member cooperatives and their employees better engage and serve their members. By working together, Touchstone Energy cooperatives stand as a source of power and information to their 32 million member-owners every day.

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Industrial IRP Loans

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