1201 Main Street, Suite 1600, Columbia, SC 29201
(803) 737-0390 info@ria.sc.gov

SRF Loans - Financing Terms


Low interest loans are available for municipalities, counties and special purpose districts at fixed rates for up to 30 years. These low interest rates significantly reduce debt service costs and the total amount paid over the life of the loan. Such savings directly benefit rate paying customers.

Each applicant must establish a dedicated repayment source with sufficient revenues to operate and maintain the system and pay debt service over the life of the loan. Primary sources are user charges, special assessments, and general taxes.

Some loans that are secured by system revenues may be required to establish a debt service reserve fund which cannot be funded as part of the State Revolving Fund (SRF) loan. The standard debt service reserve fund is equal to one year of debt service.

Interest rates and loan policies are updated annually in October.