Southeast Colorado Power Association wishes to assist the community by establishing a Rural Economic Development Loan program to help make available funds to provide a loan source for the general development of our community.
Southeast Colorado Power Association will accept and consider applications for loans from the "REDL" for projects that will significantly benefit rural area. Funds from the "REDL" program are intended to serve as seed money to promote economic development. Southeast Colorado Power Association will work with local lenders and others to maximize leverage of the "REDL" dollars so that the result is the maximum possible economic development. It is the further intent of Southeast Colorado Power Association to use the "REDL" program to supplement, but not compete with, capital that may already exist within the communities.
