USDA Rural Utility Service Zero Interest Loans
Federal, low-interest loans made through Wiregrass Electric Cooperative for project feasibility studies, start-up costs, incubator projects and other reasonable expenses. Amount for loans ranges from $10,000 to $400,000. To qualify for the loan, a letter of credit is required from the borrowing company. Terms are up to 10 years and deferrals of payments are possible. Selection of recipients is based on job creation, unemployment rates and other factors.