Become a Participating Lender
Loan Application Process
- The lender must complete the Lender Participation Agreement for Iowa Finance Authority (IFA) and return via email.
- After receiving the signed Lender Participation Agreement, IFA will activate the lender, and the lender will then have access to the online system to enter the online application.
- The borrower works with the local Soil & Water Conservation District (SWCD) on the project. For more information on project eligibility or approval, contact the Urban Conservation Team.
Loan Application Process
- The borrower completes the lender's loan application process.
- When the loan is approved by the lender, the lender completes the LWPP online application.
- After the project has been completed, inspected and certified by the local NRCS staff, the Division of Soil Conservation and Water Quality (DSCWQ) approves the project and loan amount online.
- After DSCWQ approves the project, IFA approves the application and the lender receives an email that funds can now be requested.
- The lender may request the funds online.
- Funds are deposited in the financial institution and the borrower receives his/her loan from the lender.
- 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 deposit 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.