# USDA highlights $1 million Iowa cooperative loan for food-industry equipment > An October 14 statement describes a Lamoni manufacturer’s expansion and equipment investment, with six jobs expected. - Canonical URL: https://newsverum.com/en/news/usda-iowa-industrial-hardfacing-cooperative-pass-through-loan-2026 - Publisher: Newsverum - Section: Business - Country: United States - Published: 2026-10-15T18:13:44+00:00 - Updated: 2026-10-15T18:13:44+00:00 - Source review period: 2026-10-14 - Other editions: [Türkçe](https://newsverum.com/tr/news/usda-iowa-industrial-hardfacing-cooperative-pass-through-loan-2026.md), [العربية](https://newsverum.com/ar/news/usda-iowa-industrial-hardfacing-cooperative-pass-through-loan-2026.md), [Français](https://newsverum.com/fr/news/usda-iowa-industrial-hardfacing-cooperative-pass-through-loan-2026.md), [Español](https://newsverum.com/es/news/usda-iowa-industrial-hardfacing-cooperative-pass-through-loan-2026.md), [Deutsch](https://newsverum.com/de/news/usda-iowa-industrial-hardfacing-cooperative-pass-through-loan-2026.md), [Português](https://newsverum.com/pt/news/usda-iowa-industrial-hardfacing-cooperative-pass-through-loan-2026.md) *The source does not state the event date; the period shown is the source review period.* The US Department of Agriculture highlighted a US$1 million loan to Central Iowa Power Cooperative in an October 14 statement on Iowa cooperatives. The cooperative is using it to fund a pass-through loan to Industrial Hardfacing Inc. in Lamoni, supporting building expansion and equipment purchases. Industrial Hardfacing makes custom parts for rendering, meatpacking, oilseed and pet-food industries. USDA expects the project to create six jobs. The statement presents an example of existing support; it does not give the original loan-award day or report that the jobs have already been created. ## Data ### USDA highlights $1 million Iowa cooperative loan for food-industry equipment Methodology: The loan amount describes existing support; the job count is USDA’s expectation. October 14 is the statement date, not the original loan day. | Pass-through cooperative loan (USD) | Expected new jobs | |---|---| | 1000000 | 6 | Sources: · Download data: [JSON](https://newsverum.com/api/v1/articles/usda-iowa-industrial-hardfacing-cooperative-pass-through-loan-2026/data/reported-scope?lang=en&format=json) · [CSV](https://newsverum.com/api/v1/articles/usda-iowa-industrial-hardfacing-cooperative-pass-through-loan-2026/data/reported-scope?lang=en&format=csv) ## Sources - [USDA Rural Development]() (Source checked: 2026-10-15; Published: 2026-10-14) --- Cite the canonical URL above. [Editorial standards and corrections](https://newsverum.com/en/editorial)