SDARWS partnered with CoBank to offer members improved financing options, including reduced interest rates, more favorable terms, a streamlined application process, and minimal paperwork.
LINE OF CREDIT – Be prepared for the unexpected with access to funds whenever you need it to get a head start on your projects. Only pay interest on the amount you draw without a set repayment schedule at a member-only low rate.
TERM PROJECT FINANCING – Take advantage of long-term financing that allows for multiple advances and the ability to choose your preferred contractors and materials.
USDA INTERIM FINANCING / BRIDGE ADVANCES – Leverage CoBank's extensive experience with Rural Development to gain faster access to funds for your pre-development costs and expenses during construction. Not-for-profit systems that are SDARWA members receive a lower interest rate without any fees. Tax-exempt financing is also available for municipalities.
LEASING – Lease water meters, vehicles, specialty tools, heavy equipment, and more! NRWA and CoBank have teamed up to offer leasing to rural water systems, giving you full control of how you manage your assets. Work with your preferred vendor and get exactly what you want at the best price with 100% financing. When the lease comes to an end, you can return, replace,e or own it.
