MRWA Loan Financing Programs

Interim Financing –  In an effort to assist borrowers across the State of Minnesota with the overwhelming burden of financing capital construction projects, the MRWFA in conjunction with Morgan Keegan have created an interim construction loan program to provide funding for communities which have received a permanent loan commitment from the United States Department of Agriculture, Rural Development (RD). The program is structured to provide a mechanism for obtaining competitive fixed rate loans for construction projects at a very low cost of borrowing. More information on Interim Loan Financing Program.

Micro, Midi, or MEGA Loan Financing Programs –  The objective of Minnesota Rural Water Association’s Micro Loan Program is to help members finance small projects at the lowest possible cost. For more information call Lori Blair, Executive Director at 800-367-6792 or David Drown Associates at 612-920-3320.
David Drown Associates is the financial advisor and servicer for the program.

Waseca renovates existing building Public Safety Center using funding made available by USDA Rural Development and MRWA.
Photo shows construction phase and the building rendering done by Paulsen Architects.