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SWIPCO exists for our cities, counties, and customers.

SWIPCO, serving sixty-three municipalities in eight counties - Cass, Fremont, Harrison, Millls, Montgomery, Page, Pottawattamie and Shelby.

SWIPCO is governed by a 17 member Policy Council consisting of one supervisor from each county board, six citizens who are appointed by the county boards and three that are selected by the Council. These members represent the areas of business, education, human services, economic development, government and community life.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Business Loans
Revolving Loan Fund

Southwest Iowa Planning Council established the business Revolving Loan Fund in 2009 to assist new and existing businesses  in Cass, Fremont, Harrison, Montgomery, Page, and Shelby Counties create and retain jobs.  These RLF dollars may be used in conjunction with local lenders, to provide gap financing, or to serve businesses that have been turned down from a financial institution.

 

4th Avenue Grill in Logan, IA opened in January 2010 with
the help of a loan from SWIPCO’s RLF.

Guidelines

• Projects must be located in Cass, Fremont, Harrison, Montgomery, Page, or Shelby counties
• Applicants must demonstrate a need for RLF funding
• Loans up to $125,000
• Interest rate starts at 4%
• Must create or retain one permanent full-time job for every $10,000 loaned.
• Applicant must contribute 10% of the total project cost in cash
• Must provide a business and marketing plan
• Applications will be approved by the RLF review board at the end of each month

Application Process

click here to download the Application

click here for the Application Checklist

click here to download the
Consent and Release Form Nonpublic Personal Information

Step 1: Complete an application and return it to SWIPCO.  SWIPCO staff evaluates application for completeness.

Step 2: The completed application is forwarded to the Revolving Loan Fund (RLF) Board for review at their monthly meeting.  Applications are reviewed the month following submission.

Step 3:  The RLF board meeting is on the last Friday of each month.  The board evaluates the application and approves or denies the loan.

Step 4: SWIPCO acts on the RLF Board’s recommendation.

Step 5: Approved applicants begin the loan closing process.  This includes preparation of the loan closing documents and scheduling of a loan closing date.

For more information please contact Courtney Harter at
1-866-279-4720 or courtney.harter@swipco.org

Revolving Loan Fund Board of Directors

Bob Broomfield	Shelby County	Education
Dottie Feilmeier	Cass County	Accounting
Bo Harris	Page County	Government
Russell Joyce	Cass County	Economic Development
Roxanna Sieber	Montgomery Cnty	Business Development
Twila Larson	Fremont County	Ecnomic Development
Pat Skelton	Harrison County	Banking

For more information contact:

Courtney Harter ~ Community Development Specialist courtney.harter@swipco.org

 

Southwest Iowa Planning Council, 1501 SW Seventh Street, Atlantic, IA 50022
1-712-243-4196 or 1-866-279-4720; Fax 1-712-243-3458; swipco@swipco.org

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