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CIPCO Community and Economic Development RLF

 

 

 

Loan Type

Date Recipient Rate Term Amount Purpose Jobs Created

REDLG

06-10-04

City of Greenfield

0%

10 yrs

$200,000

Business expansion

40

REDLG

11-01-05

Perry Economic Development 

0%

10 yrs 

 $300,000

Speculative building

0

REDLG

05-13-08 

Fuller Family Dental 

0% 

10 yrs 

$175,000 

Office and equipment 

REDLG

08-04-08 

Corning Aquatic Center 

0% 

10 yrs 

 $300,000 

New aquatic center 

10 

REDLG

11-14-08 

Stuart Aquatic Center 

0% 

10 yrs 

 $300,000 

New aquatic center 

RLF

02-28-06 

Co-Line Welding 

3% 

10 yrs 

 $100,000 

Machinery and equipment 

RLF

08-27-08 

Phoenix E-Waste 

3% 

10 yrs 

 $100,000 

Building addition 

RLF

10-28-08 

Parkersburg Economic Development 

1% 

3 yrs 

$50,000 

Multi-tenant commercial business facility 

RLF

11-05-08 

Engineered Welding, Inc. 

4% 

5 yrs 

$100,000 

Additional specialized equipment 

RLF

01-21-09 

Bennett Development

3.25% 

10 yrs 

$150,000 

Road improvements in new commercial/industrial park 

REDLG Pass-Through

01-21-97 

Industrial Hardfacing 

0% 

10 yrs 

$150,000 

Business retention & expansion 

25 

REDLG Pass-Through

08-19-97 

Merchandising Frontiers 

0% 

10 yrs 

$130,000 

Business expansion 

20 

REDLG Pass-Through

07-29-99 

Co-Line Welding 

0% 

10 yrs 

$250,000 

Business expansion 

 9

REDLG Pass-Through

09-16-08

River Bend Industries 

0% 

10 yrs 

$740,000 

Purchase bankrupt business 

136 

REDLG Pass-Through 02-26-10 Southwestern Community College 0% 10 yrs $740,000 New dormitory 5

IRP

06-01-05

Plastics Unlimited, Inc. 

3% 

10 yrs 

$150,000 

Training and technical process design for new technology 

 29 

IRP

03-22-06 

L&M Radiator, Inc. 

3% 

10 yrs 

$250,000 

Machinery and equipment 

 41 

IRP

04-21-06 

Engineered Welding, Inc. 

3% 

7 yrs 

$90,000 

Additional specialized equipment 

  4 

IRP

06-28-06 

Blue Grass Building, Inc. 

3% 

10 yrs 

$35,000 

Business expansion 

  7 

IRP

10-12- 06 

Mid-State Milling, Inc. 

3% 

5 yrs 

$100,000 

Business expansion 

  6 

RLF

08-15-08 

ACEDC 

3% 

10 yrs 

$42,500 

Speculative building 

  0 

       

Total 

$4,452,500 

 

358 

 


Central Iowa Power Cooperative • P.O. Box 2517 Cedar Rapids, IA 52406-2517
Phone: (319) 366-8011 Fax:(319) 366-8626 • Contact Us
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