Electric FFB Guaranteed Loans
Purpose: Electric FFB Guaranteed Loans provide financing to upgrade, expand, maintain, and replace distribution, subtransmission and headquarters (service; warehouse) facilities that serve customers in rural areas.
Eligibility: Click Forms 3030 and 3031 for restrictions related to convicted felons and tax delinquent corporations. Eligible borrowers are retail and power supply providers.
Interest Rate: Interest rates will be established daily by the United States Treasury. Added to that rate is 1/8 of one percent. The interest rate is determined at the time of each advance.
Supplemental Financing Required: No
Loan Terms: Term of loan not to exceed useful life of the
facilities being financed, with a maximum term of 35 years. Power supply borrowers' loan term is also based on the term of its wholesale power contracts.
Basic Instruction: Specific language on loan eligibility
and terms can be found in 7 CFR
Part 1714. Loan policies and application procedures can be found
CFR Part 1710.
Additional information about the electric loan programs and
advice on completing and assembling an application are available
from the national office. The Electric Program is divided in two
regional divisions: Northern Regional Division, (202) 720-1420;
Southern Regional Division, (202) 720-0848. Power supply borrowers
should contact the Power Supply Division, (202) 720-1439.