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Home > Frequently Asked Questions > Minimum Loan Amount for a Water Project Loan  

Frequently Asked Questions: Minimum Loan Amount for a Water Project Loan

Title

Minimum Loan Amount for a Water Project Loan 

Program Area

Loans & Grants 

Specific Program

Water Project Loan Program 

CWCB Section

Finance 

Question

What is the minimum loan amount?

Answer

A typical loan will require a borrower to spend money for services to obtain loan approval. These costs include engineering assistance for the preparation of a Loan Feasibility Study, as well as attorney fees associated with the review of the loan contract and a 1% loan origination fee. In addition a borrower must provide $1 million of liability insurance during the life of the loan. When considering these costs, a minimum loan amount of no less than $75,000 is recommended. Please contact the CWCB staff to assist you in making sure the Loan Program funding is right for your project.
Attachments
Created at 6/30/2010 2:28 PM  by System Account 
Last modified at 6/30/2010 2:28 PM  by System Account