CCEF Commercial Products

REAP Grant Bridge Loan

CCEF’s REAP Grant Bridge Loan is a statewide loan designed to bridge the gap between project implementation and receipt of grant funds from the USDA Rural Energy for America Program (REAP). CCEF will work with grant applicants to secure financing ahead of the grant application. Upon loan approval, applicants will receive a Letter of Commitment (LOC) of funds to submit with their REAP grant application (worth an additional 15 points).

Click here to view and download this loan product flyer.

Amount
Up to $1,000,000

Terms
Up to 180 months

Repayment
Monthly principal + interest payments No prepayment penalties

Rates
Fixed, below market

Security
Varies

Speed
Access to funding dependent on timeline of grant award

Eligible Borrowers
Agricultural entities and rural small businesses applying for or awarded a USDA REAP Grant for a project in Colorado.

Fees
Origination fees are 2% of total project cost, paid one time at loan closing.

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