
Community Loan Program đźš’
Piedmont Electric, in association with the United States Department of Agriculture’s (USDA) Rural Economic Development Loan and Grant program (REDLG) provide loans to our rural community annually. The USDA provides zero interest loans to our cooperative, which in turn lends money to local businesses for projects that help to create jobs in rural areas. Past projects have included the purchase of equipment and fire trucks for new fire stations:
Altamahaw-Ossipee Volunteer Fire Department, fire truck
Bethel Hill Charter School, school facility
Caswell County, public library and ambulances
Cedar Grove Volunteer Fire Department, fire truck
Cherry Grove Volunteer Fire & Rescue Department, fire trucks
City of Mebane, fire trucks
City of Roxboro, fire truck and air tanker
Efland Volunteer Fire Department, fire equipment
Eno Fire Department, fire truck
Leasburg Volunteer Fire Department, fire truck
Lebanon Volunteer Fire Department, fire trucks
Moriah Volunteer Fire Department, fire truck
New Hope Fire Department, fire trucks
North Eastern Alamance Volunteer Fire Department, fire station
Orange Rural Fire Department, fire trucks and station
Person County, ambulances
Prospect Hill Volunteer Fire Department, fire truck
Roxboro Community School, auditorium and gymnasium
Semora Volunteer Fire Department, fire truck
Town of Yanceyville, fire station
White Cross Volunteer Fire Department, fire truck
Commitment to communities is one of the core values that has guided us since we were founded in 1938. Utilizing this loan program from the USDA allows us to provide opportunities for rural organizations in need and help make sure our communities continue to be great places to live, work and raise a family.
The money has to be paid back by the lendee and a portion of these repaid funds are re-loaned to assist with future projects in the Piedmont Electric service area. For more information contact us or call 800.222.3107.