Board Members

Application Information

Loan applications are available from REED member electric cooperatives
Assistance in completing application forms is available from the REED Fund
Applicants must submit a completed application including supporting documents outlined in the application form
Applicants must document either the willingness of other lenders to participate in a project at reasonable terms and conditions or denial of a commercial lender
Projects must demonstrate business development, job retention/creation or tangible benefit to the community/region
A $100 application fee is due when the application is submitted
Applications for funding are thoroughly analyzed
A 1% loan origination/service fee will be deducted from proceeds of supported loans

Rural Electric Economic Development | 211 S Harth Ave.| Madison, SD | (605) 256-4536

Reed is an equal opportunity provider, employer and lender. To file a complaint of discrimination, write:
USDA, Director, Office of Civil Rights, 1400 Independence Avenue SW, Washington DC 20250-9410
or call 800.795.3272 (voice) or 202.720.6382