If you have a failing septic system that is in need of repair, an AgBMP (agriculture best management practice) loan might be the answer to assist you.
There is currently $100,000 available to loan to Cook County property owners to repair failing systems through the Minnesota Department of Agriculture’s AgBMP Loan Program. The purpose of these loans is to address local water quality and pollution problems. North Shore Federal Credit Union, Cook County, and the Soil and Water Conservation District jointly administer the Cook County’s Sub-surface Sewage Treatment System (SSTS) loan fund.
Theloansareata3percentinterest rate for five years. North Shore Federal Credit Union (local lender) is responsible for assessing the credit rating of the borrower and the ability to repay the loan. The credit union administers the loans and collects payments from borrowers.
The process for receiving a loan is simple. First, arrange to have a site visit from the county environmental health inspector, obtain a contractor bid, and then contact Soil and Water for a loan application. All materials will then be returned to the Soil and Water office and the process to receive a loan will begin. If you are interested in learning more about the low interest loans through Cook County Soil and Water, contact Ilena Berg at (218) 387-3648.
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