Sanwire Corporation announced that it has secured a credit facility that will enable Sanwire's wholly owned subsidiary Aero Networks (Aero) to submit additional broadband infrastructure project applications under the United States Department of Agriculture, Rural Utilities Services (USDA-RUS) Community Connect grant program. With this credit facility, Aero can now bid for additional government projects valued in excess of $4,000,000, including the recently announced $1,200,000 exclusive agreement with the Oso Vista Ranch Project of the Ramah Navajo Nation. Part of the USDA-RUS Community Connect application approval process is for the applicants to arrange for 15% of the total project costs in matching funds.
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- Sanwire Corporation Secures Credit Facility for USDA-RUS Community Connect Grant Applications