Skip to main content
Login icon LOG IN TO YOUR ACCOUNT
Phone icon 1. 800. 472. 2141
Home
Menu
  • My Account
    • Manage My Account
      • SmartHub
      • Payment and Billing
      • Payment Assistance
      • Report an Outage
    • Member Info
      • Owner's Manual
      • Capital Credits
      • News
      • ND Living
  • My Co-op
    • About VEC
    • Contact Us
    • Board of Directors
    • Employment Opportunities
    • Service Territory
    • Reports and Bylaws
  • My Community
    • Programs
      • Loans
      • Operation Round Up
    • Youth
      • Scholarships
      • Youth Tour
      • Power of Youth grant program
  • Energy Services
    • Energy Management
      • Save Money on Energy
      • Energy Guide
      • Consumer Owned Generation
      • Off-peak Program
    • Products
      • Electric Heating Products
      • Solar Pasture Wells
      • Rebates and Incentives
  • Safety and Education
    • Safety
      • Safety Demo
      • Safety On The Job
      • Call Before You Dig
    • Education
      • Electrical Safety Checklist
      • Energy Portfolio

Loans

Financing.pngRevolving Loans

Verendrye Electric Cooperative is helping economic development efforts in the area by administering a Revolving Loan Fund made possible with funds from the USDA.

Loans with only one-percent interest and minimal administrative fees are available to businesses, non-profit organizations, and government and tribal entities through the Revolving Loan Fund. Eligible applicants can receive between $5,000 and $100,000 through the program. The money was provided by a grant from the USDA and there is no risk to the cooperative. The funds will eventually be paid back to the USDA.

The objectives of the Revolving Loan fund include:

  • Help create jobs that will help rural areas.
  • Provide financing alternatives for business or community facilities with an economically or socially desirable purpose.
  • Leverage owner equity and other financing sources.
  • Promote development of rural communities.

If you want to apply for a loan or need more information, please contact us for more information or submit the pre-application form by clicking the image to the right.

 

Back to Top

Quick Links

  • Contact Us
  • News
  • Legal Info
  • Privacy Policy

... give us a shout!

©2023 Verendrye Electric Cooperative. A Touchstone Energy Cooperative

  • My Account
    • Manage My Account
      • SmartHub
      • Payment and Billing
      • Payment Assistance
      • Report an Outage
    • Member Info
      • Owner's Manual
      • Capital Credits
      • News
      • ND Living
  • My Co-op
    • About VEC
    • Contact Us
    • Board of Directors
    • Employment Opportunities
    • Service Territory
    • Reports and Bylaws
  • My Community
    • Programs
      • Loans
      • Operation Round Up
    • Youth
      • Scholarships
      • Youth Tour
      • Power of Youth grant program
  • Energy Services
    • Energy Management
      • Save Money on Energy
      • Energy Guide
      • Consumer Owned Generation
      • Off-peak Program
    • Products
      • Electric Heating Products
      • Solar Pasture Wells
      • Rebates and Incentives
  • Safety and Education
    • Safety
      • Safety Demo
      • Safety On The Job
      • Call Before You Dig
    • Education
      • Electrical Safety Checklist
      • Energy Portfolio