Revolving Loan Fund
NRWA Revolving Loan Fund was established under a grant from USDA/RUS
to provide financing to eligible utilities for pre-development costs
associated with proposed water and wastewater projects. RLF
funds can also be used with existing water/wastewater systems and
the short term costs incurred for replacement equipment, small scale
extension of services or other small capital projects that are not a
part of your regular operations and maintenance.
Systems applying must be public entities. This includes
municipalities, counties, special purpose districts, Native American
Tribes and corporations not operated for profit, including
cooperatives, with up to 10,000 population and rural areas with no
What are the loan amounts?
Loan amounts may not exceed $100,000 or 75% of the total project
cost whichever is less. Applicants will be given credit for
documented project cost prior to receiving the RLF loan.
What are the loan terms?
The law authorizing the program allows a maximum repayment period
of 10 years. Additional ranking points are awarded in the selection
process for applicants that propose a quicker repayment of the
loan. The repayment period cannot exceed the useful life of
the facilities or financed item.
5 year, interest only, pre-development loans will also be
What is the interest rate?
Loans will be made at the lower of the poverty or market interest
rate as published by RUS, with a minimum of 3% at the time of
closing. The most current rates are available on the RUS Water
and Environmental Programs Home page at
What are the collateral requirements?
As a minimum, a promissory note or comparable document authorized
by the governing body will be required. Additional security may be
required by the RLF administrator or loan committee when
deemed necessary as allowable under State law.
Where should applications be filed?
Applications, information and forms can be acquired via the
internet. Information can be emailed, if available
electronically, to email@example.com.
Applications and documents can also be sent by mail.
Applicants can also contact any State Rural Water Association
for assistance in acquiring, preparing and submitting the required
Rural Water Revolving Loan Fund 2915 S. 13th Street Duncan, OK