Community Loan Program 🚒

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.

 

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