Opinion ID: 2604610
Heading Depth: 4
Heading Rank: 3

Heading: Summit's financial capabilities

Text: United finally argues that the record does not support the APUC's finding that Summit has adequate financial resources, and has made satisfactory arrangements for financing, to provide the service for which it applied. Summit proposed to finance its service partially with a loan from the Rural Telephone Finance Cooperative (RTFC). Summit had twice before received loans from RTFC and presented testimony and evidence that further requests for financing would be successful. It also presented testimony that it could use a savings account and funds from a previous loan to finance its proposal. The APUC noted that the RTFC had not given final approval to a loan for the project, but stated that this was not significant because [f]inal commitments typically come after legal authorization to provide service. We hold that this evidence is sufficient to support the APUC's finding that Summit was capable of financing its proposal.