Algona Municipal Utilities Revolving Loan Fund
Algona Municipal Utilities created a revolving loan fund to assist with business startup and expansion, along with development and growth of community projects in our area. Through the AMU Revolving Loan Fund (RLF), AMU is seeking to improve the quality of life in our rural area by contributing to the long-term improvement in the economy, including job creation and retention, diversification of the economy, improving the skills of the rural workforce, and upgrading the public infrastructure to improve the health, safety, and/or medical care of rural residents. The AMU Revolving Loan Fund Committee reviews applications and make recommendations to the AMU Board of Trustees. For information about the loan fund contact John Bilsten at (515) 295-3584.
Eligible Applicants:
Use of Funds:
Ineligible Use of Funds:
Conditions:
Terms and Security:
A minimum of 40% of the project must be funded from equity or debt solutions other than the Algona Municipal Utilities Revolving Loan Fund.
The AMU Revolving Loan Fund will charge processing fees for legal, recording or any other expenses associated with processing the loan.
The AMU Revolving Loan Fund application can be found on this page. The format is in a PDF that the applicant can edit.
Algona Municipal Utilities is an equal opportunity provider, and employer.
104 W. Call Street | P.O. Box 10
Algona, Iowa 50511
Monday
7:30 AM – 4:30 PM
Tuesday
7:30 AM – 4:30 PM
Wednesday
7:30 AM – 4:30 PM
Thursday
7:30 AM – 4:30 PM
Friday
7:30 AM – 4:30 PM
Saturday
Closed
Sunday
Closed
Electric/Water/Communications Outages call (515) 295-3584. | AMU Communications Tech Support Line call (515) 295-6901.
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