Revolving Loan Programs

Revolving Loan Programs

The Upper Explorerland Revolving Loan Fund (RLF) through the Economic Development Administration (EDA) and the Intermediary Relending Program (IRP) through the United States Department of Agriculture (USDA) are designed to provide financing to new and expanding small businesses for which credit is not otherwise available on terms and conditions, which permit completion and/or the successful operation of proposed business activities.

Nondiscrimination Statement:
"This institution is an equal opportunity provider and employer."

If you wish to file a Civil Rights program complaint of discrimination, complete the USDA Program Discrimination Complaint Form, found online at http://www.ascr.usda.gov/complaint_filing_cust.html, or at any USDA office, or call (866) 632-9992 to request the form. You may also write a letter containing all of the information requested in the form. Send your completed complaint form or letter to us by mail at U.S. Department of Agriculture, Director, Office of Adjudication, 1400 Independence Avenue, S.W., Washington, D.C. 20250-9410, by fax (202) 690-7442 or email at program.intake@usda.gov."


For more information on this program, please contact Diana Johnson.

Other Incentive and RLF Programs

Other Incentive and RLF Programs

Each entity below also offers a revolving loan fund option for start-up or existing businesses.  Additional funds can be utilized for the purchase of real estate, construction, building rehabilitation and much more.  For more information, see applications below or contact your local economic development office.

News Headlines

Job Opening- UERPC Assistant Finance Manager

Posted: Thu, July 23, 2020

The Assistant Finance Manager is involved in/responsible for a variety of day to day accounting and administrative duties as well as monthly, quarterly and fiscal year end closes. The ideal candidate will have experience in governmental accounting, payroll and tax reporting, accounts payable, accounts receivable, invoice and billing, budget review, journal entries, general ledger, account reconciliation, cost allocations, monthly closing, annual audits as well as administrative duties.  Qualifications:  Bachelor's Degree in Accounting, or an Associate's Degree in Accounting or an equivalent combination. The candidate must have strong attention to detail, ability to organize work, determine priorities and meet deadlines, work harmoniously with co-employees and interact with the general public in a tactful and courteous manner, good verbal and written communication skills, proficient in Microsoft office, (word, excel and outlook), a solid understanding of generally accepted accounting principles; knowledge of Uniform Grants Guidance and local government accounting a plus. Must be able to maintain a valid driver’s license. Upper Explorerland offers a full benefit package including health insurance, dental, vision, retirement, short term and long term disability. A full job description and application may be found at www.uerpc.org. Email a resume and application to kcooper@uerpc.org   EOE

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Job Opening- UERPC Housing Department Head

Posted: Thu, July 23, 2020

The Housing Department Head is responsible for the management and direction of all housing programs including apartment management, housing trust funds, federal home loan bank, HUD, Iowa Finance Authority and more. The candidate should have knowledge of state and/or federal housing programs, human resource management and great communication skills. Qualifications:  Bachelor's Association Degree or an Associate’s Degree in governmental administration, community planning, human resource management or public administration. The candidate must have strong attention to detail, ability to organize work, determine priorities and meet deadlines, manage and work harmoniously employees and interact with the general public in a tactful and courteous manner, good verbal and written communication skills, maintain a valid driver’s license. Upper Explorerland offers a full benefit package including health insurance, dental, vision, retirement, short term and long term disability. A full job description and application may be found at www.uerpc.org. Email a resume and three references to rhowe@uerpc.org   EOE

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The UERPC July 2020 Newsletter is Here!

Posted: Mon, July 20, 2020

The UERPC July 2020 Newsletter is here! https://mailchi.mp/b08eb…/uerpc-july-2020-newsletter-3216754

Highlights include:
•Investment Award Secured for Region by UERPC
•State Extended Benefits
•Governor Issues Disaster Proclamation for Two Counties
•Now Accepting Applications: City of Oelwein Offers Residents New Home Rehabilitation Loan Fund
•Home Sweet Home to Two Families in Oelwein
•Praise Received from Northeast Iowa Regional Housing Trust Fund Client
•We are Open!
•Warm Welcome to Baby Barness!
•Employee Spotlight: Rachelle Howe
•An Important Census Jobs Update- Deadline To Apply Now July 31
•COVID-19 Small Business Utility Disruption Prevention Program
•Filling the Gap with Summer Meals
•Keep Iowa Beautiful Requesting Social Media Submissions
•July 5-2-1-0 Feature: Get Outdoors and Play This Summer!

Want to receive our newsletter in your inbox? Sign up here: http://uerpc.org/newsletters.html

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City of Oelwein Offers Residents New Home Rehabilitation Loan Fund NOW ACCEPTING APPLICATIONS

Posted: Wed, July 1, 2020

Beginning July 1st, 2020, the City of Oelwein will begin offering residents a new funding source to finance needed home repairs and improve residential neighborhoods and livability of single-family homes. The Home Rehabilitation Revolving Loan Fund (RLF) Program provides low interest loans to residents meeting eligibility criteria.

The City recognizes the entire community benefits when everyone has stable, decent, and affordable housing. The intent of this program is to expand on existing efforts targeting low income households by offering the same opportunities to residents across a broader range of socio-economic statuses. Residents with up to 150% of the MHI for Fayette County are eligible to apply for assistance.

“Establishing a dedicated, self-funded program provides greater stability and flexibility to successfully grow a community and meet the housing needs of its current and future residents. This freedom will allow tailoring of the program to the exact needs of the City of Oelwein,” said Katie Nolte, Upper Explorerland Regional Planning Commission (UERPC) Housing Department Head.

The minimum loan amount is $1,000 and the maximum amount is $15,000. Interest rates range from one to four percent. Homeowners with household income greater than 100% of the Fayette County median income will be required to provide matching funds of 10-25% of total project costs. Both interest rate and match funds are determined by household size and income level.

UERPC will administer the program on behalf of the City. Applications will be accepted by UERPC on a continuous basis. Applications can be obtained at the Upper Explorerland Office at 134 West Greene Street, Postville, at City Hall, or by phone at 563-864-7551. You can also obtain an application online at www.uerpc.org or www.cityofoelwein.org.

Interested parties should contact Katie Nolte or Lee Balik at UERPC at 563-864-7551 or email knolte@uerpc.org with any questions or to be sent an application packet.

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