Current Community Development Projects

SIRC&D Revolving Loan Program

What is the SIRC&D Revolving Loan Program?

The Southern Iowa Resource Conservation and Development Area (SIRC&D) has money available through a revolving loan program, for the financing of starting or expanding small businesses. The purpose of this program is to create private sector jobs.

As of 2015, SIRC&D has awarded 9 revolving loans. Of those loans, two are currently active. Currently, funds are available for new qualifying loans.

Who is eligible?

Eligible borrowers include corporations, partnerships or sole proprietorships throughout the SIRC&D seven county area.

What are acceptable uses?

Loans can be used for working capital, equipment, machinery, etc.

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Loan Details:

The money can be loaned for 10 years, with a maximum loan amount of $25,000.

The maximum amount loaned to one individual, in one or more loans, shall not exceed $25,000.

The maximum amount of any single loan to any one individual shall not exceed $25,000.

Approved loans are processed with interest rates approved by the SIRC&D Board of Directors.

The loan can provide up to 50% of the project’s cost and feature a fixed rate of interest. Persons with projects in Adair, Adams, Clarke, Decatur, Ringgold, Taylor and Union counties may apply.

* The revolving loan program was originally sponsored by USDA Rural Development.

What are the requirements?

A business plan is required. (If you need assistance in developing a Business Plan, contact the Iowa Small Business Development Office at Southwestern Community College, Creston, Iowa.

Include project cost estimates and historical and projected financial statements.

Some minimum requirements include:

Adequate collateral as loan security.

Capability to implement project while repaying loan.

Creation of one or more jobs.

How do I apply?

For more information and to apply, please contact the Southern Iowa RC&D Area Office, 609 New York Avenue, P.O. Box 343, Creston, Iowa 50801 or call (641-782-4033)

Past Community Development Projects

University of Iowa Partnership

The RC&D partnership with the University of Iowa Office of Outreach and Engagement is designed to provide assistance for economic development, arts and culture development, environmental conservation and public health initiatives in communities within the RC&D regions across the state of Iowa.

University of Iowa faculty, staff, and students, through community-based research, service-learning courses, and staff outreach, collaborate with RC&D staff and community partners on a variety of projects, workshops, and training that enhance the quality of life for citizens in these regions.

For more information contact the Project Coordinator, Alexi Groumoutis, at

The Learning Center (TLC) of Southwest Iowa

TLC is a non-profit organization designed to provide children who learn differently

with the supplemental screening and tutoring services and support needed to

achieve academic success.

Facilitating Rural Enterprises

SIRC&D acquired a grant from USDA RD to support a collaborative economic development team consisting of Southwestern Community College, SBDC, and SIRC&D to support development of small and emerging private business enterprises in rural areas.

Two Rivers Grape & Wine Coop

Value Added Ag Product Development Grant:

Grant funds were secured from USDA Rural Development to assist in the construction of a winery facility capable of producing about 20,000 gallons of wine per year. Two Rivers Grape and Wine Cooperative is now known as Southern Hills Winery and is located near Osceola, Iowa. SIRC&D provided accounting technical services and computerized accounting. The RC&D completed SF 270s for USDA Rural Development Grant draw-downs and provided detailed spreadsheets to RD showing 50% Federal and 50% non-federal project funding for the project.

Dry Fire Hydrants

Dry Hydrants are non-pressurized fire hydrants that make raw water from ponds, lakes and streams available for rural fire fighting. Dry hydrants help save rural buildings from fire and can lower fire insurance premiums in some areas. The Southern Iowa RC&D acquired numerous grants for area fire departments to build dry fire hydrants.