Pinckneyville Community Hospital were recently presented zero-percent interest loan on November 9, 2020 thanks to Egyptian Electric Cooperative Association (EECA) and the U.S. Department of Agriculture’s (USDA) Rural Economic Development Loan and Grant (REDLG) program.
Pinckneyville Community Hospital was loaned $1 million for hospital additions and expansions at its Pinckneyville location.
“The administration and board of directors of Pinckneyville Community Hospital are very appreciative to Egyptian Electric Cooperative, First National Bank of Pinckneyville and the USDA for their support in making the zero-percent interest financing through the REDLG program a reality,” says Randy Dauby, CEO of Pinckneyville Community Hospital.
EECA has assisted in attaining REDLG loans for a total of five organizations in its service area. The co-op is accepting applications from qualified member or non-member taxing entities within its service territory interested in the REDLG program.
USDA Rural Development provides loans and grants to help expand economic opportunities and create jobs in rural areas. The funding for these projects is part of the REDLG program to support rural business. For more information about this program, visit www.rd.usda.gov.