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ARWA Revolving Loan Fund

What is the Revolving Loan Fund?

The ARWA Revolving Loan Fund (RLF) was established with funds from the USDA Rural Business Service to provide financing to eligible utilities. RLF funds can be used by existing water/wastewater systems to finance short term costs incurred for equipment or other small capital projects.

Who is Eligible?

Systems that are eligible include municipalities, authorities, non-profit corporations, and cooperatives with up to 25,000 in population for incorporated areas, and no population limit for unincorporated areas. Systems must be unable to finance the proposed project from their own resources or through commercial credit at reasonable rates and terms.

What Are the Loan Terms?

Repayment period is flexible depending on the project.

What Are the Loan Amounts?

Loan amounts may not exceed $150,000.

What is the Interest Rate?

The program features attractive interest rates that are based on the current USDA Rural Utility Service interest rates. USDA interest rates are subject to change quarterly. Rates are fixed for the life of the loan. The minimum interest rate is 3%.

What are the Collateral Requirements?

At a minimum, a promissory note or comparable document authorized by the governing body is required. Additional security may be required if deemed necessary by the RLF administrators.

Other Program Guidelines

  • RLF loans can finance up to 75% of the total project costs.
  • Borrowers must demonstrate sufficient cash flow to repay the debt.
  • Borrower is responsible for all closing costs and must pay a one-time processing fee of 1.5% of the loan amount.

Filing Applications

The application process is a simple one and ARWA can provide assistance if needed.

Apply online. Open and download a copy of the Revolving Fund Loan Application (pdf) to your computer. Complete it and click the "Email to ARWA" button to submit. You may also print a file copy and save a copy to your computer.

Apply by Mail or Fax. Open the Revolving Fund Loan Application (pdf). Complete it on your computer or print and complete it by hand. You may also print a file copy and save an electronic copy to your computer.

Supporting Documents

The loan application requests the documentation listed below. You may attach these documents to your email application or fax or mail them to us with your application.

  • Income expense and capital budget demonstrating that the loan can be repaid.
  • Most recent audit report if one exists, and if there is no audit or it is more than a year old, the last fiscal year-end financial statement.
  • Names of officers, addresses, contact numbers, and terms of office.

Please Note

Additional project information or documents may be required upon loan approval dependent on the type of project being funded.

will provide
a quick turn-around
on completed applications.

Contact US

Contact the ARWA today for your financial needs.

Apply online today! (pdf)


Important: The Intermediary Relending Program is funded through the United States Department of Agriculture (USDA) and is intended to provide development assistance capital in rural areas of Alabama. The United States Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, sex, religion, disability, political beliefs, sexual orientation, and marital or family status.


Loan Applications

The process is simple.

Apply online.
Open Revolving Fund Loan Application.
Complete and email, mail, or fax to ARWA.


a quick turn-around
on completed applications.


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Water Loss Protection

The ARWA/NRWA ServLine Program protects your utility against losses from customers’ water leaks, and provides the opportunity for them to add service line repair replacement protection. Learn more.



Alabama Rural Water Association is a non-profit organization representing water and wastewater systems serving rural communities and towns and commercial firms which support these systems.

We provide assistance to comply with State and Federal regulations, to help with management and operational problems, and to stimulate training initiatives.

Learn more about us.


Alabama Rural Water Association
2576 Bell Road
Montgomery AL 36117 
Phone: (334) 396-5511
Fax: (334) 396-7090