NWREC Business Disaster Loan Program
Funding Amount
Up to 5 years at 0% interest
Deadline
Rolling / Open
Grant Type
foundation
Overview
NWREC Business Disaster Loan Program
Purpose: Provide working-capital assistance to small commercial and industrial businesses impacted by recent flooding events.
Geographic Scope: Sioux, O'Brien, Plymouth, and Ida counties, Iowa
Funder: North West REC (Touchstone Energy cooperative)
Background: North West REC has operated a revolving loan fund (RLF) since 1995 to assist new or expanding businesses. The RLF has been expanded to provide disaster assistance following recent flooding events.
Eligibility:
Loan Terms:
Contact Information:
Application Process: Streamlined application process with Loan Review Committee for quick approval and processing.
How to Apply
Application Process
1. Contact North West REC to learn more about the program or submit an application
- Phone: (712) 707-4935
- Email: lkorver@nwrec.coop
- Office: Orange City, IA (Open 7:30 AM - 4:00 PM, Monday-Friday)
2. Submit application through streamlined process
3. Application Review by Loan Review Committee for quick approval
Note: Specific application materials and requirements not detailed in website content. Contact the cooperative directly for complete application package.
Focus Areas & Funding Uses
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