The Rural Energy for America Program was designed to promote renewable energy production in rural America, but some borrowers can use funds in urban areas. Any agricultural producer can apply for a USDA REAP loan, regardless of location. Other applicants must qualify as a small rural business in a city or town with fewer than 50,000 residents or plan to use their funds for a project located in a rural area.
REAP funds may be used to purchase, install, or construct renewable energy systems or energy-efficient improvements. Eligible renewable energy projects include solar, wind, biomass, geothermal, hydrogen, hydropower, and ocean systems. You can also use REAP loans to replace or upgrade manufacturing equipment, HVAC systems, lighting, doors and windows, insulation, refrigeration units, and other inefficient equipment.
If you’re a small rural business or agricultural producer with plans to upgrade your facility, you may be eligible for up to $25 million in funding. In 15 minutes or less, a Madison One CUSO expert can determine if you qualify and begin structuring your loan.
At Madison One CUSO, we can serve almost any type of business across the U.S.—with limited restrictions. If you meet USDA REAP loan requirements, we can expedite the application and closing process, allowing you to focus your time and energy on your business.
Whether you want to install a solar energy system for your small medical office or replace the lighting and HVAC systems in your rural industrial facility, Madison One CUSO can help you choose the loan option with the smallest impact on your cash flow.
Deciding to pursue REAP financing is easy if you’re looking for reasonable loan terms, high loan amounts, and interest rates in the single digits. However, choosing the right lender isn’t always as simple. Many banks and credit unions are unfamiliar with the nuances of USDA loan programs and don’t have the lending capacity to offer the financing you need.
At Madison One CUSO, our main product is government-guaranteed loans, and every team member has extensive experience navigating USDA financing programs. Unlike other companies that aren’t confident in offering USDA REAP loans, our team can develop creative and innovative solutions to your funding challenges.
If you’re looking for a team who has closed over 200 government-guaranteed loans totaling over $700 million, become a Madison One CUSO business member today.