US Small Business Administration Loan Programs For Energy Related Businesses

 Name

US Small Business Administration Loan Programs For Energy Related Businesses

Status

Active

Funding Mechanism

Loan fund

Duration

Objectives

Sponsors

Eligible Sectors

Eligible Projects/Technologies

"Approved" technologies for SBA loans and loan guarantees are solar thermal and electric systems (photovoltaics), energy-efficient products and services, biofuels, industrial cogeneration, hydroelectric power, and wind energy. The loans may be used for a wide range of business investments, such as the purchase of machinery, equipment, furniture, fixtures, facilities, buildings, and supplies or materials. The acquisition of vacant land for construction of a plant may also be financed if the plant will be using energy-saving measures. Loan funds, may be used for research and development projects that follow certain guidelines.

Fund Endowment

Terms

-Funding Instruments

Loans and loan guarantees

-Interest Rates

-Payback

-Size

-Collateral

-Share of loan in project cost

Loan guarantees cannot exceed US$ 1 million or 75% of the loan amount. For loans up to US$ 150,000, the guaranteed amount cannot exceed 85% of the project.

-Loan criteria

Comments

Sources

Contact Information