Owner Loan Progress

We did not reach our goal of $500,000 in Owner Loans by August 31st, but we have collected over $400,000 in Owner Loans.  We are well over half way to our goal of $600,000 in Owner Loans.  Thank you.  If you haven't lent yet, there is still time.  We plan to continue collecting Owner Loans until we reach our goal of $600,000.  Since we have had such a great response to the Owner Loan Program, some of the terms have filled.  Our 8 and 9 year loan slots are full, but there is still plenty of space in the 6 and 7 year terms.  E-mail jennifer@cookcounty.coop or call (218) 387-1939 if you would like to reserve space in a specific term or if you have questions about the Owner Loan Program.

Owner Loan Rates and Terms

Amount	5 YRS	6 YRS	7 YRS	8 yrs-full	9 yrs-full
$1,000-4,000	2.00%	2.25%	2.50%	3.00%	3.75%
$5,000-9,999	2.50%	2.75%	3.00%	3.50%	4.25%
$10,000 and up	3.00%	3.25%	3.50%	4.00%	5.00%