Benefits to borrowers through the Corps Water Infrastructure Financing Program (CWIFP) include:

• Low interest rates:  Rates are near U.S. Treasury rates and will not be impacted by borrower credit or loan structure.
• No interest rate risk:  Rates are locked at the time of loan closing and fixed for the life of the loan.
• No negative arbitrage:  Interest accrues only once funds have been disbursed.
• Customized repayment schedules:  Repayment schedules can be structured to match anticipated cash flows over the life of the loan.
• Long repayment periods:  Repayment periods of up to 35 years after completion of construction.
• Deferred payments:  Payments can be deferred through the construction period up to five years after completion of the project.
• No prepayment penalty:  Loans can be prepaid at any time without penalty.