Pre-Development Loan Application - Water Finance Exchange

Pre-Development Loan

Information

The Water Finance Exchange Inc., a 501(c)(3) not-for-profit, serves as a trusted partner to provide regulatory, project development, financial and other technical assistance in support of sustainable water and wastewater infrastructure. The WFX Pre-development Loan (PDL) provides innovative financing solutions, as many communities have short-term challenges where WFX can deploy pre-development capital to catalyze project success or mitigate a barrier to progress. WFX can quickly deploy funds to help complete catalytic tasks to advance infrastructure solutions. PDL is commonly used for costs such as engineering, application development, environmental reports, or other barriers to accessing funding and financing opportunities. PDL can also be used to pay for short-term construction needs for projects where funding is confirmed but requires reimbursement from state or federal sources.

Basic Terms

Amount: Up to $250,000
Term: Up to 7 years
Rate: AAA municipal tax-exempt rate (See current rates on EMMA’s BVAL® AAA Municipal Curve page here)
No repayment penalty

Submitting this form does not guarantee approval. The information will be provided to the WFX Pre-Development Loan Committee for consideration.

Application

Applicant Information

Please find below the requested information for the Pre-Development Loan Application. Please provide responses to these questions and click “Submit”. For any questions regarding the Pre-Development Loan or if you need to submit the application by mail, contact info@waterfx.org.

Legal Entity Name

Legal Entity County

Legal Entity State

Number of connections

Applicant Contact Name

Applicant Contact Email

Applicant Contact Phone Number

Applicant Mailing Address

Please give us a brief overview of your community, including it's goals, values, and what makes it unique. (200 words maximum)

Pre-Development Loan Information
The following questions are related to the Pre-Development Loan being requested. The Pre-Development Loan is intended to support catalytic tasks that facilitate larger infrastructure projects or facilitate application to funding programs such as the State Revolving Fund. An additional section below will request information related to the construction or larger capital project, or funding program being pursued.

Describe the project/item for which pre-development funding is being requested and why it is important. (200 words)

Describe the urgency of the project/activity, or what the consequences are if you do not receive funding. (100 words)

Amount Requested (maximum of $250,000; This should reflect the amount requested from the PDL for pre-development purposes. This does not include the total capital cost of the project for which the PDL may help facilitate).

Requested Loan Term (maximum of 7 years)

Repayment Source (Describe the source of funds that you expect to use to repay the Pre-development Loan [i.e. utility rates, funding program reimbursement])

Describe any existing debt, including the amount and lender

Total Project Information
The Pre-Development Loan is intended to support catalytic tasks that facilitate larger infrastructure projects or facilitate application to funding programs such as the State Revolving Fund. The following questions are related to a larger capital project or infrastructure funding program being pursued.

Total Project Estimated Cost

Active Technical Assistance Partners. List the technical assistance or other professional services providers that are assisting in project development.

Description of funding that has already been secured, if any (otherwise, "None")

Anticipated funding programs to pursue

Project Readiness. Describe the status of the project, including the status of any infrastructure funding programs being pursued. (100 words)

If you have any supporting documents or files, please upload them here. (Not required)