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.