Learn more about MEC’s Revolving Loan Fund

January 23rd, 2020 by Allie Bennett, Marketing and Communications Manager

To further emphasize our commitment to community development, MEC has established a Revolving Loan Fund (RLF) through the United States Department of Agriculture Rural Economic Development Loan and Grant program. Businesses and non-profit entities may be eligible for a loan through the MEC RLF. Eligible projects for loans can include any community or economic development project that benefits the local communities.

Loan recipients may be:

  • New/expanding private businesses
  • Not-for-profit entities
  • City or county governments

Eligible uses of funds:

  • Land purchases
  • Machinery & equipment
  • Fixed assets
  • Buildings

Ineligible uses of funds:

  • Speculation land purchases
  • Payments to owners/investors
  • Debt refinancing
  • Projects which lack economic development potential

For more information on loan details or to view the loan application, please visit www.maconelectric.com/economic-development.

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