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MRWA Micro Loan Financing ProgramLoan Program

Finance Your Next Small Project With MRWA's Micro Loan Program.

Let MRWA help you finance your project. Request a FREE Quote Now!

 

David DrownThe objective of Minnesota Rural Water Association's Micro Loan Program is to help members finance small projects at the possible cost. For more information call Ruth Hubbard, Administrator at 800-367-6792 or David Drown Associates at 612-920-3320.
David Drown Associates is the financial advisor and servicer for the program.

 pdf linkApplication Form  |   pdf linkStandard Bond Counsel Services  |  pdf linkStandard Agreement & Engagement Letter  |  pdf linkStandard Pay Agreement

Program Specifics:

  • Loans from $30,000 to $250,000 repaid in seven years or less;

  • Loans structured as single G.O. Note;

  • Tax-exempt, bank qualified, and all loans placed with one bank;

  • Loans with terms of two years or less can be prepaid at any time at par; and

  • Loans with terms over two year must pay a call premium of 0.5% if prepaid in the first two years;

Benefits for Borrowers:

  • Simple;

  • Quick;

  • Competitive interest rates; and

  • Low, fixed costs.





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Member of National Rural Water Association
Minnesota Rural Water Association, 217 12th Avenue SE, Elbow Lake, MN 56531
Ph: 800-367-6792  *  Fx: 218-685-5272  * mrwa@mrwa.com