Southeast Rural Community Assistance Loan Fund Program
Southeast Rural Community Assistance Loan Fund Program provides community development loans to local governments, public service authorities, user associations, nonprofit organizations, and other community entities for the development and/or construction of large-scale community projects.
Loans may be used for:
- Building a new water/wastewater treatment facility
- Installing water/wastewater laterals for a low-income development or neighborhood
- Repairing/replacing water storage tanks
- Other valuable community development projects, including housing and healthcare facilities
Eligible applicants are local governments, public service authorities, user associations, nonprofit organizations, and other community entities in the SERCAP service area.
Loan amounts range up to $250,000. Interest rates start at 3% and range up to a maximum of 7% using a sliding scale point system based on need.
Additional information is available on the program website.
SERCAP suggests contacting them to discuss the project prior to submitting an application.
For complete information about funding programs, including your application status, please contact funders directly. Summaries are provided for your convenience only. RHIhub does not take part in application processes or monitor application status.