Business owners may be eligible for a loan through the Calhoun County Electric Cooperative Association's Revolving Loan Fund. Eligible projects for loans can include any community or economic development project that benefits the rural area, such as new or expanding private businesses, non-profit groups, and city or county governments.

Eligible Loan Recipients

  • New or expanding private businesses

  • Not-for-profit entities

  • City or county governments

Eligible Uses of Funds

  • Land purchases

  • Machinery and equipment

  • Fixed assets

  • Buildings

Ineligible Uses of Funds

  • Speculation land purchases

  • Payments to owners or equity investors

  • Debt refinancing

  • Projects that lack economic development potential

The Loan Review Committee and the Calhoun County Electric Cooperative Association's Board of Directors consider the financial need of the project, the probability of success, and the benefits of the project to the rural area (including number of jobs to be created or retained, diversification of the economy, quality job creation in terms of pay scale and benefit package, and community development projects and improvements to the community infrastructure).

Please contact CCECA CEO Keaton Hildreth by calling 712-297-7112 for more information on loan requirements and terms.

Another resource is the Calhoun County Economic Development Corporation.