CoBank is a national cooperative bank serving vital industries across rural America. As a proud member of the Farm Credit System, CoBank is one of the largest private providers of credit to the U.S. rural economy. CoBank provides loans, leases, export financing and other financial services to agribusinesses and rural power, water and communications providers in all 50 states.
CoBank has a dedicated team of banking professionals who work exclusively with rural water customers. They have a deep understanding of the opportunities and challenges facing the water industry and its unique financing needs.
CoBank offers a range of products to municipal, not-for-profit and investor-owned systems, as well as special districts, including:
- Bridge/Interim Loan – Short-term construction financing for USDA projects
- Term Loan – Direct loan for system improvements
- Line of Credit – Short-term financing to fund system maintenance and repairs
- Leasing – Equipment and Meters
CoBank offer flexible financing terms, a seamless application process and quick access to needed funds. With our financing expertise in rural infrastructure, we are more than equipped to handle your funding needs.
Through the CRWA Preferred Provider Program: CoBank will waive all financing origination fees to current CRWA member water system borrowers, which typically amount to up to 1% of the loan amount depending on loan size, loan program and credit profile of the borrower.
CoBank will waive the 0.25% commitment fee for all current CRWA member water systems that is typically charged on the unfunded balance of certain interim financing products.
For more information, please contact John DeLuca at (303) 694-5958 or jdeluca@cobank.com
CRWA PREFERRED PROVIDER PROGRAM
The California Rural Water Association (CRWA) continues to expand its Preferred Provider Program, which connects members with vetted service providers offering essential services such as laboratory testing, leak detection, online payment solutions, legal services, rate studies, and consulting.
Currently, 13 providers actively participate in the program, each meeting CRWA’s high standards of professionalism. This includes maintaining Associate Member status in good standing, advertising in the California Water Journal, and exhibiting at the CRWA Annual Expo. In addition to these requirements, prospective providers must submit a formal RFP detailing their services, pricing structure, and proof of liability insurance.
CRWA supports Preferred Providers through free marketing, email campaigns, social media promotion, and workshop coordination. CRWA also encourages all staff from both CRWA and SUSP (Operations and Engineering) to recommend the Preferred Provider Program to systems whenever possible. By recommending the Preferred Provider Program, CRWA staff not only help CRWA members but also the association.