Rural Water Loan Fund Grows to Over $5 Million

rwloanlogoDUNCAN, Okla. – The National Rural Water Association’s Rural Water Loan Fund has grown to over $5.2 Million, supporting water and wastewater utilities with low-cost loans for a variety of projects.

The Rural Water Loan fund was created through grants from the U.S. Department of Agriculture as a means of providing short-term, low-cost loans for repair costs, small capital projects, planning or pre-development costs associated with larger projects.

The loan fund has expanded to include a 90-day, interest-free emergency loan to help systems recover in the event of disasters or other emergencies. The provision is available for utilities in a declared national, state or local emergency, and is designed to have funds available within 48 hours of receiving an application.

The RWLF has also added support for energy efficiency projects. Utilities can access these loans independently or as part of NRWA’s Energy Efficiency program, which is available in 14 states. The Energy Efficiency program offers free, on-site energy audits, energy efficiency training and efficiency recommendations to water and wastewater utilities. Utilities can then use the RWLF to secure financing for the recommended upgrades.

The Rural Water Load Fund was created through grants from the U.S. Department of Agriculture. Loans are for a maximum of $100,000 or 75% of the project cost, and have a maximum repayment period of 10 years. Interest rates for the loans are around 3% and have no fees.

The RWLF is a revolving loan fund, so repayments are returned into the fund where they can be used to finance future loans and assist other utilities. Since its creation, the fund has made over $7.62 Million in loans.

More information about the Rural Water Loan Fund is available at