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Revolving Loan Program

Eligible borrowers include corporations, partnerships and sole proprietorships throughout the SIRC&D seven county area of Adair, Adams, Clarke, Decatur, Ringgold, Taylor and Union counties.

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


The loan can provide up to 50% of the project's cost.


The money can be loaded for up to 10 years, with a maximum loan amount of $40,000.


Current interest rates vary, depending on the current market.


The rate established will not increase during the term of the loan.


If interest rates, substantially decrease, the loan interest rate may be re-evaluated by the SIRC&D Board of Directors.


A business plan is required, including cost estimates and historical, as well as projected financial statements.


Minimum requirements include, but are not limited to:

Submission of one original application form and one copy.

Adequate collateral as loan security.

Capability to implement project while repaying the loan.

Creation of 1 or more jobs.


Call today for an application form: 641-782-4033.


Southern Iowa Resource Conservation and Development Area, Inc. (SIRC&D) is in partnership with USDA Rural Development for the Revolving Loan Program.

In accordance with Federal civil rights law and U. S. Department of Agriculture (USDA) civil rights regulations and policies, the USDA, its Agencies, offices and employees, and institutions participating in or administering USDA programs are prohibited from discriminating based on race, color, national origin, religion, sex, gender identity (including gender expression), sexual orientation, disability, age, marital status, family/parental status, income derived from a public assistance program, political beliefs or reprisal or retaliation for prior civil rights activity, in any program or activity conducted or funded by USDA (not all bases apply to all programs).  Remedies and complaint filling deadlines vary by program or incident.

Persons with disabilities who require alternative means of communication for program information (e.g., Braille, large print, audiotape, American Sign Language, etc.) should contact the responsible Agency or USDA's TARGET Center at (202) 720.2600 (voice and TTY) or contact USDA through Federal Relay Service at (800) 877.8339.  Additionally, program information may be available in languages other than English.

To file a program discrimination complaint, complete the USDA Program Discrimination Complaint Form, AD-3027, found online at: and at any USDA office or write a letter addressed to USDA and provide in the letter all the information requested in the form.  To request a copy of the complaint form, call (866) 632.9992.  Submit your complete form or letter to USDA by: mail: U. S. Department of Agriculture, Office of the Assistant Secretary of Civil Rights, 1400 Independence Avenue, SW, Washington, D.C. 20250-9410; fax: (202) 690.7442; or email:

This institution is an equal opportunity provider.






Your Life Fitness in Corning, owned by Marti Cordell, received assistance through SIRC&D's revloving loan program.

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