August Brown | Water & Waste Disposal Guaranteed Loan Program

Water & Waste Disposal Guaranteed Loan Program

Leveraging Competitive Terms to Help Your Community Infrastructure

As a USDA-licensed lender, August Brown provides affordable financing through the Water and Waste Disposal Guaranteed Loan Program to qualified borrowers to improve access to clean, reliable water and waste disposal systems for households and businesses in rural areas. The August Brown team has unique expertise in the USDA’s loan program and is committed to working with you to create the best financing to meet your needs. Not only will we provide you with a loan that has competitive terms and promotes good environmental practices, but the August Brown team will also develop a customized, sustainable plan with efficient budgeting that ensures your entity will be positioned for long-term, smart solutions to support planning for future infrastructure needs.

August Brown’s deep program expertise will help you navigate program nuances and leverage full program benefits. August Brown will conduct operational evaluation to recommend available financing solutions for total improvement project costs to best safeguard customer impact.

Eligible Areas

Primarily serving rural areas with populations of 50,000 residents or less based on the last census and not contiguous with an adjacent populated area. The USDA mapping link will confirm eligibility. Click to link – http://eligibility.sc.egov.usda.gov

Terms

  • Loan ranges of $250,000 to $50MM
  • Maximum loan term of 40 years
  • Fixed or variable rates

Qualified Applicants

  • Public Bodies
  • Federally recognized tribes
  • Non-profit organizations

Proceeds

  • Construction or improvement of facilities for drinking water, sanitary sewers, solid waste disposal, and storm water disposal.
  • Equipment purchases for system enhancements to improve efficiency
  • Certain lender, legal, and engineering fees, initial operating expenses for new entities, capitalized interest, and the purchase of existing facilities to prevent loss of service.
  • Refinancing options to increase debt capacity.

Overall Benefits

  • 100% financing for qualified projects
  • Extended loan terms
  • Construction financing available
  • Federal guarantee could provide 1926b protection
  • No required agency engineering reviews
  • Life of the loan servicing by August Brown servicing experts
PDF Download Form - Water & Waste Disposal

Water & Waste Disposal Guaranteed Loan Program

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