Safe drinking water and sanitary waste disposal systems are vital.
Vital to public health, but also, to the economic vitality of rural America.
Our team of experts thrive on connecting rural businesses with optimal solutions for continued growth and success and improving the quality of life for rural Americans.
The financing options we have available through the USDA Water and Environmental Financing (WEP) program can help you preserve and enhance the environmental and economic opportunities in the community you love. Water & Environmental Programs provides funding for the construction of water and waste facilities in rural communities with populations of 10,000 or less – except for the Loan Guarantee Program, which has a 50,000 limit.
The program provides for funding of clean and reliable drinking water systems, sanitary sewage disposal, sanitary solid waste disposal, and storm water drainage to businesses in eligible rural areas.
We share your passion to help improve the quality of life for rural communities and we have the expertise to help you navigate the USDA financing process.
Take advantage of the USDA WEP program.
Long-term, low-interest loans
If funds are available, a grant may be combined with a loan if necessary, to keep user costs reasonable
Up to a 40-year payback period, based on the useful life of the facilities financed
Fixed interest rates, based on the need for the project and the median household income of the area to be served
Make it easier for businesses in rural communities to access financing
Assist a business in providing stability, growth, expansion, and rural employment
Most types of businesses qualify
Competitive interest rates and terms
Who may apply?
Most state and local governmental entities
Federally recognized Tribes
From start to finish, we’re here for you!
You’ll have the support of a nationwide lender with an experienced underwriting and closing team. We’re ready to guide you through each transaction.
Deal Dynamics & Structuring
Due Diligence Process
Use of Proceeds
Finances acquisition, construction and improvement of:
Drinking water sourcing, treatment, storage and distribution
Sewer collection, transmission, treatment and disposal
Solid waste collection, disposal and closure
Storm water collection, transmission and disposal
In some cases, funding may also be available for related activities such as:
Legal and engineering fees.
Land acquisition, water and land rights, permits and equipment
Start-up operations and maintenance
Interest incurred during construction
Purchase of facilities to improve service or prevent loss of service
Other costs determined to be necessary for completion of the project
Plus, with First Bank of the Lake you'll enjoy:
Expert support and advice
A great tool for rural businesses!
Thriving businesses are important-and not just in big cities. Rural businesses are the lifeblood of our small towns and play a key role across the country.
Talk to us about your business and where you want to go. We can help you get there. Find out what it’s like to work with a bank who puts you first.
All loans are subject to credit approval. Restrictions and limitations may apply. First Bank of the Lake does not provide tax, legal or investment advice. All decisions concerning these matters should be made in conjunction with your professional advisors.
Let us guide your financing to help build rural America together.
Our team is well-versed in USDA financing solutions! Let's talk.