Become a participating lender
- Email the Lender Participation Agreement to waterquality@iowafinance.com.
- After receiving the Lender Participation Agreement, IFA will activate the lender. The lender may now access the online system.
Loan Completion
- After the project has been completed, inspected and certified by the local NRCS staff, the DSCWQ approves the project and loan amount online.
- After DSCWQ approves the project, IFA approves the loan and the lender receives an email that funds can now be requested.
- Lender goes online and requests the funds.
- Funds are deposited in an IFA deposit account at the local lending institution and the borrower receives his/her loan from the lender.
Annually
- 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.
- The amount in the deposit account and the amount of the outstanding principal on the loan will be the same.