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Business owners may be eligible for a loan through the Webster-Calhoun Cooperative Telephone Association's Revolving Loan Fund. Eligible projects for loans can include any community or economic development project that benefits the rural area, such as new or expanding private businesses, non-profit groups, and city or county governments.


Eligible Loan Recipients

  • New or expanding private businesses

  • Not-for-profit entities

  • City or county governments


Eligible Uses of Funds

  • Land purchases

  • Machinery and equipment

  • Fixed assets

  • Buildings


Ineligible Uses of Funds

  • Speculation land purchases

  • Payments to owners or equity investors

  • Debt refinancing

  • Projects that lack economic development potential


The Loan Review Committee and the WCCTA Board of Directors consider the financial need of the project, the probability of success, and the benefits of the project to the rural area (including number of jobs to be created or retained, diversification of the economy, quality job creation in terms of pay scale and benefit package, and community development projects and improvements to the community infrastructure).

Please contact the office at Webster-Calhoun Cooperative Telephone Association directly at 515-352-3151 for more information.

SMCH RLF Check presentation 2017.JPG

The WCCTA Revolving Loan fund helped Stewart Memorial Community Hospital renovate clinics in Lake City, Rockwell City, Lake View and Gowrie.

SMCH Blueprints for construction 2017.JPG


WCCTA Awarded $300,000 USDA Grant


Stewart Memorial Community Hospital (SMCH) of Lake City, Iowa began a $860,000 fundraising effort in December, 2016 for their Patient Centered Healing Environment Project to improve areas used by most patients in Lake City, Rockwell City, Lake View and Gowrie medical clinics. A welcomed boost of $360,000 towards the project has just been announced.

The Webster-Calhoun Cooperative Telephone Association (WCCTA) has created a revolving loan fund with the USDA Rural Economic Development Loan and Grant Program. The fund application also required that WCCTA commit an additional $30,000 and another $30,000 match will be added from Aureon's Ripple Effect grant for a total of $360,000. These proceeds will be allocated to the SMCH project as a zero-interest loan.

The Rural Economic Development Loan and Grant program provides funding for rural projects through local utility organizations such as WCCTA. USDA provides zero-interest loans to local utilities which they, in turn, pass through to local businesses (ultimate recipients) for projects that will create and retain employment in rural areas. The ultimate recipients repay the lending utility directly and then the utility reloans the funds for other community projects.

USDA provides grants to local utility organizations which use the funding to establish revolving loan funds (RLF). Loans are made from the revolving loan funds to projects that will create or retain rural jobs.

"The project budget that will create the patient centered healing environment in all four of our clinics is $860,000," says Cindy Carstens, CEO at SMCH. "We are committed to providing quality healthcare to the communities we serve. Through funding partnerships such as the one with Webster Calhoun Telephone Association our communities will continue to have the benefit of receiving care locally and an exceptional patient experience in our clinics. Efforts will continue to secure additional funds for the project as we move forward with the ADA updates this fall and interior upgrades."

Current plans are to begin the construction on the project in October and the project timeline for completion is the summer of 2019. SMCH patients most likely will not experience any major interruptions in services during the construction phase.

"WCCTA is committed to providing not only quality broadband, digital tv and phone services to our communities. We have a true commitment in providing resources such as the revolving loan fund to enhance projects for the betterment of the communities we serve", states Marcie Boerner, Office Manager at WCCTA.

Webster-Calhoun Cooperative Telephone Association is located at 1106 Beek Street, Gowrie, IA 50543. It has a Fiber driven network and provides landline telephone, Internet and digital television service to the Iowa communities of Gowrie, Pilot Mound, Vincent, Paton, Thor, Churdan, Knierim, Somers, Barnum, Duncombe, Farnhamville, Badger, Clare, Moorland, Boxholm, Lanyon and

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