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319-385-1577 | 866-242-4232

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Revolving Loan Fund

Access Energy Cooperative plays an active role in the development of rural Iowa. To reflect its commitment, Access Energy Cooperative created the Access Energy Cooperative Revolving Loan Fund (RLF) to improve the quality of life in rural southeast Iowa by contributing to long-term improvements in the local economy.

The RLF is a local funding source with a goal of providing low interest loans to assist with local economic and community development projects.

Priorities of the RLF
  • Job creation and retention
  • Diversification of the local economy
  • Improving the skills of the rural workforce
  • Upgrading the public infrastructure to improve health, safety and/or medical care to rural residents
Who Administers the Program?

This fund is administered by the Access Energy Cooperative Board of Directors.

Loan Terms and Program Eligibility Requirements
  • RLF loan applications are accepted when the RLF has an available balance of at least $20,000
  • Eligible applicants include organizations involved in community or economic development projects
    • New or expanded private businesses
    • Local governments
    • Non-profit community development organizations
  • Loan terms are set by the Access Energy Cooperative Board of Directors based on the financial need of the project.
    • Maximum loan amount is limited to the funds available
    • Interest rates vary from 0% to Prime Rate depending on the financial need of the project and its benefits to the rural area.
    • Maximum loan term is 10 years, length based on collateral offered by applicant
      • Building: 2–10 years
      • Real Estate: 2–10 years
      • Equipment: 2–7 years
      • Working Capital: 2 years
  • Loan Repayments are required to made via electronic ACH.
  • Security: An irrevocable standby letter of credit is required for security of a loan greater than $10,000
  • Eligible Uses of funds include
    • Land purchase
    • Buildings
    • Machinery and equipment
    • Infrastructure improvements
    • Office and work equipment
  • Ineligible uses of funds
    • Pre-development costs
    • Refinances
    • Projects greater than $10,000 with no supplemental financing
    • Investment purposes
    • Loan not related to job creation
    • Business transfers more than 25 miles from existing location
  • A minimum of 50% of the project must be funded from equity or debt sources other than the Access Energy Cooperative RLF on loans greater than $10,000.
  • The RLF may charge an annual administration fee equal to 1% of the outstanding balance of the loan.
  • The RLF may charge loan recipients for loan closing costs, attorneys fees, filing fees, etc., as necessary to complete loan transaction.

All information regarding the Revolving Loan Fund will at all times be kept confidential. If necessary, the Cooperative may seek the advice of a counsel of outside consultants and sources in order to adequately perform due diligence regarding the project. The Access Energy Cooperative RLF is an equal opportunity lender and requires loan recipients to adhere to all equal opportunity laws.

More Information

For more information, loan application, or to check availability of funds

  • Download and submit a Request for Application
  • Or contact us at:
    Director of Marketing and Public Relations
    Access Energy Cooperative
    1800 West Washington Street
    PO Box 440
    Mt. Pleasant IA 52641
    319-385-1577
    1-866-242-4232

USDA prohibits discrimination in all its programs and activities on the basis of race, color, national origin, sex, disability, age, reprisal or retaliation for prior civil rights activity. (Not all prohibited bases apply to all programs.)

Recipients are required to notify applicants with disabilities and Limited English Proficiency (LEP) persons of their right to free language assistance and accommodations and provide free language assistance and accommodations upon request.


To file a program discrimination complaint, complete the USDA Program Discrimination Complaint Form, AD-3027, found online at http://www.ascr.usda.gov/complaint_filing_cust.html and at any USDA office or write a letter addressed to USDA and provide in the letter all of the information requested in the form. To request a copy of the complaint form, call (866) 632-9992. Submit your
completed form or letter to USDA by: mail: U.S. Department of Agriculture, Office of the Assistant Secretary for Civil Rights, 1400 Independence Avenue, SW, Washington, D.C. 20250-9410; fax: (202) 690-7442; or email: program.intake@usda.gov .


This institution is an equal opportunity provider.

Dedicated to exceeding member's expectations for safe, reliable, efficient service while being a good citizen in our communities.

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1800 West Washington Street 

P.O. Box 440

Mount Pleasant, IA 52641

To REPORT AN OUTAGE CALL

319-385-1577 | 866-242-4232

Access Energy Cooperative is an equal opportunity provider, employer and lender. To file a complaint of discrimination write USDA, Office of Civil Rights, 1400 Independence Avenue, SW, Washington, DC 20250-9410 or call 800-795-3275 (voice) or 202-720-6382 (TDD).

©2023 Access Energy Cooperative. Safe, reliable, efficient service and a good citizen in our communities.

  • Home
  • My Cooperative
    • About AEC
      • About Us
      • Our Staff
      • Board of Directors
        • How to Run for the Board of Directors
          • Nomination Process Begins for 2021 Board Election
      • Monthly Magazine
      • Service Area
      • Annual Meeting
        • Election of Directors
      • Cooperative Principles
      • Where Does Your Power Come From?
      • History of Co-ops
      • About Touchstone Energy
      • Employment Opportunities
    • Policies
      • Articles of Incorporation
      • By-Laws
      • E-Business Privacy Policy
      • Identity Theft Protection
      • Privacy Policy
      • Rights and Remedies
      • Statement of Nondiscrimination
    • Member Info
      • Dividends
        • Treasure Hunt
      • What does it mean to be a member?
  • Your Account
    • Payment Options
      • Bank Draft
      • Budget Billing
      • Credit/Debit Card Payments
      • Payment Drop Box
    • Billing
      • Your Meter
      • Questions About Your Bill
    • IA Energy Assist Program (LIHEAP)
    • Moving/Address Changes
    • Rates
    • Dividends
  • Residential & Business
    • Residential
      • Residential Rebates
      • Rates
      • Products Available
      • Financing
      • Energy Audits
      • Energy Saving Ideas
    • Business
      • Business Rebates
      • Rates - Commercial & Industrial
      • Power Quality
      • Services
        • Business Energy Audits
        • Thermal Imaging
        • Questline
        • Business Energy Advisor
        • BizConnections
        • Energy Saving Ideas
  • Safety
    • General
      • Blinking Lights
      • Restoring Power
      • Safety Tips
      • Maintenance Programs
      • Safety Equipment
      • Safety Quiz
      • Frequently Asked Questions
    • Safety Policies and Procedures
      • Grain Bin Clearance
      • Tree Trimming
      • Call Before You Dig!
  • Community
    • Legislation
      • Current Legislative Issues
      • National Legislative Issues
      • Contact Your Legislators
    • Economic Development
      • Economic Development Partners
      • Revolving Loan Fund
    • News
      • Coop News
  • Co-op Programs
    • Programs for Youth
      • Access Energy Cooperative Scholarship Program
      • Summer Work and Internships
      • Youth Tour Contest
      • Kids Zone
    • Tools For Schools
      • Teachers Zone
      • Get Charged!
      • Safety Demonstrations
    • General
      • Photo Contest
      • RECare
      • Co-op Connections
      • Together We Save
      • Lineworker Scholarship Application
    • International Assistance
  • Going Green
    • General
      • A Balanced Fuel Mix Promotes Power Reliability
      • Electric Vehicles
      • Energy Saving Ideas
      • Programs to Help You Save Energy
      • Access to Green Energy Program
      • Environmental Partners
      • Rebates and Low Interest Loans
      • Solar Energy Generation
    • Wind Energy Info
      • Questions to Ask Vendors
      • Small Wind Systems
      • Tariff Requirements
      • Ten Steps to Wind Systems
      • Wind FAQs
  • Outage Center