Economic Development Loans
The U.S. Department of Agriculture Rural Utilities Service (RUS) has available zero-percent economic development loans. These funds may be made available to recipients to finance financially viable economic development or job creation projects in a rural area. If you are interested in this program, call or visit Caney Valley Electric and we can provide you with further contact information.
Energy Conservation Loans
Caney Valley will make energy conservation loans to qualifying members for the installation of ground source heat pumps. Additional loan funds may be advanced for the following, provided they are completed in conjunction with the installation of a ground source heat pump: caulking, weather stripping, storm or thermal windows or doors, attic ventilation fans, or insulation of ceilings, walls, floors, ducts, pipes or water heaters.
* The interest rate shall be 5% per annum on the unpaid balance of the loan.
* Loans will be limited to 80% of the total improvements made.
* Minimum loan will be $1,000.
* Eligibility requirements apply. Please contact our office for further information.