Home > News > California State Assistance Fund for Enterprise, Business and Industrial Development Corporation
California State Assistance Fund for Enterprise, Business and Industrial Development Corporation
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Name |
California State Assistance Fund for Enterprise, Business and Industrial Development Corporation |
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Active |
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Funding Mechanism |
Loan fund |
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Duration |
1988 - 2001 |
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Objectives |
To provide energy efficiency to small businesses and non-profit organizations for equipment that conserves, produces or controls energy use in new or existing facilities. |
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Sponsors |
State of California – Energy Commission |
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Eligible Sectors |
Small Businesses and non-profits. |
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Eligible Projects/Technologies |
Lighting changes, management systems, alternate energy systems, pump process of refrigeration system improvements, weatherization, HVAC system upgrades, and cogeneration. |
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Fund Endowment |
US$ 2,750,000 |
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Terms |
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-Funding Instruments |
Loans |
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-Interest Rates |
4 to 5 % |
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-Payback |
5 years |
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-Size |
Up to US $350,000 |
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-Collateral |
Project |
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-Share of loan in project cost |
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-Loan criteria |
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Comments |
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Sources |
California Energy Commission |
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Contact Information |
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