Rural Development interest rates plunge to lowest ever!

By Jim Hegarty

If you’re thinking of doing a sewer or water project in Michigan, and your community has fewer than 10,000 residents, you should consider financing it through the United States Department of Agriculture–Rural Development. Their current ‘poverty’ interest rate is 1.375%, their ‘intermediate’ interest rate is 1.785%, and their market rate is 2.25%.

To explore this opportunity, please contact me at jhegarty@preinnewhof.com or 616-364-8491.

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