NWREC Business Disaster Loan Program
Funding Amount
Up to 5 years at 0% interest
Deadline
Deadline not published
Grant Type
Foundation
Deadline history & next window
- Cycle
- One-time opportunity
- Tracked since
- April 2026
Source: the cycle recorded on this listing. Confirm dates with the funder.
Can we apply?
Check your organization against each line. Taken from the listing; confirm with the funder's guidelines.
Eligible organizations
- Located in service area (Sioux, O'Brien, Plymouth, and Ida counties)
Other requirements
- Small commercial and industrial businesses
- Operations affected by recent flooding event
Overview
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
Background: The RLF has been expanded to provide disaster assistance following recent flooding events.
Eligibility:
- Small commercial and industrial businesses
- Located in service area (Sioux, O'Brien, Plymouth, and Ida counties)
- Operations affected by recent flooding event
Loan Terms:
- Duration: Up to 5 years
- Interest Rate: 0%
- Principal Deferral: One-year deferral available
- Use: Working capital needs
Contact Information:
- Phone: (712) 707-4935
- Email: lkorver@nwrec.coop
- Mailing Address: P.O. Box 435, Orange City, IA 51041
Application Process: Streamlined application process with Loan Review Committee for quick approval and processing.
How to Apply
Application Process
- 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)
- Submit application through streamlined process
- 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.
What North West Rural Electric Cooperative actually gave
Source: IRS Form 990, 2025
- Grants in 2025
- 1
- Total given
- $7,500
- Median grant
- $7,500
- By dollars: Iowa 100%. Top recipient cities: Sheldon, IA.
Example grants
Northwest Iowa Community College Foundation · Sheldon, IA
Powerline program
$7,500
Focus Areas & Funding Uses
Fields of Work
- Small businesses
- Disaster relief
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