Become a participating lender

1. Email the Lender Participation Agreement to waterquality@iowafinance.com. 
    
2. After receiving the Lender Participation Agreement, IFA will activate the lender. The lender may now access the online system. 

 Loan Completion

1. After the project has been completed, inspected and certified by the local NRCS staff, the DSCWQ approves the project and loan amount online.
2. After DSCWQ approves the project, IFA approves the loan and the lender receives an email that funds can now be requested.
3. Lender goes online and requests the funds.
4. Funds are deposited in an IFA deposit account at the local lending institution and the borrower receives his/her loan from the lender.

Annually

1. Approximately a week before the anniversary date of the loan, IFA will send a notice to the lender via email reminding the lender that IFA will withdraw from its account an amount equal to the principal that has been repaid.
2. The amount in the deposit account and the amount of the outstanding principal on the loan will be the same.