1-30 year Loan Without USDA or SRF Takeout Letter. The Program provides financing for a variety of projects with loan terms up to thirty-five years. The program aims to make the process of obtaining funds less complicated than its alternatives and to have funds available as quickly as possible.

The KRWFC was created by the Kentucky Rural Water Association (KRWA) for the purpose of assisting communities in obtaining competitive financing for construction projects. The program offers a financing mechanism that allows communities to access tax-exempt bond funds with a reduced cost of issuance. The program has similarities to that of a traditional bond issue; however, it also has the efficiencies of a pooled structure. The KRWFC serves as the program administrator.