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IRP Loans

Intermediary Relending Program

The creation/retention of jobs
To finance business facilities and community development projects

Target Area:
75% within the Champion Community/Pontotoc County
Remainder within PEC's service territory

Loan Interest Rate/Fees/Term:
$50 preliminary application fee (covers cost of credit investigation)
1% - Loan Origination Fee
Interest rate/term based upon type & structure of loan (not to exceed 10%/30 years)

To meet the objective and purpose of the program(s) of the lending institutions PEC works with.
To use labor of low income persons to the maximum extent possible.
To display innovation in providing service/products for the public to the maximum extent possible.
The applicant has the qualifications to implement the business plan and assurance to repay the loan.
To provide adequate security for loan repayment.

Maximum Loan: Up to $150,000

For more information concerning PEC's Intermediary Relending Program, call toll-free 1-877-456-3031 or (580) 332-3031 -- Extension 1530.

PEC is an equal opportunity provider and employer. If you wish to file a Civil Rights program complaint of discrimination, complete the USDA Program Discrimination Complaint Form, found online at, or at any USDA office, or call (866) 632-9992 to request the form. You may also write a letter containing all of the information requested in the form. Send your completed complaint form or letter to us by mail at U.S. Department of Agriculture, Director, Office of Adjudication, 1400 Independence Avenue, S.W., Washington, D.C. 20250-9410, by fax (202) 690-7442 or email at