Whetstone Valley Electric Loans

Milbank Motel Receives REED Fund Loan   The Milbank Motel was recently awarded financing on 6/30/2020 when Whetstone Valley Electric issued a Rural Electric Economic Development, or REED, loan to the new owners to purchase and upgrade the facility in Milbank, SD.  Rodney and Shirley Parent were...

Ron’s Equipment Painting, based in Milbank SD population 3,536, constructed a larger facility to accommodate business expansion using REED financing. The company paints heavy equipment manufactured in Watertown, SD and also paints farm and other equipment. In addition to new paint booths and expanded work facilities, the business has a...

Western Consolidated Cooperative used a REED loan to aid in the construction of a 1.1 million bushel grain terminal near Twin Brooks SD, population 69. In addition to the enclosed storage there is a 2.2 million bushel piling system connected to the main terminal. There is also a 10,000 bu/hr...

Whetstone Creek Golf Course Receives REED Fund Loan   The Whetstone Creek Golf Course was recently awarded financing on 7/29/2020 when Whetstone Valley Electric issued a Rural Electric Economic Development, or REED, loan to the golf course to install an irrigation system and make other improvements to the...