Athens-Clarke County - Green Business Revolving Loan Fund

August 27, 2014

Summary

Athens-Clarke County has created a Green Business Revolving Loan Fund for new or existing businesses. Funding is available for implementing eco-friendly products or services into a business or making business practices more efficient. Loans cannot be used for inventory or refinancing existing debt. New businesses are required to have a business plan in place including financial projections. Working capital loans are limited to $5,000 with an interest rate of 2% more than the prime and a loan term of one year. All other loans are limited to $50,000 with unspecified interest rates at or below the prime rate. The term length of non-working capital loans is an average of three to five years.

Program Overview

Implementing Sector:	Local
Category:	Financial Incentive
State:	Georgia
Incentive Type:	Loan Program
Web Site:	http://www.athensclarkecounty.com/index.aspx?NID=2955
Administrator:	Athens-Clarke County Department of Human and Economic Development
Start Date:
Eligible Renewable/Other Technologies:	Solar Water Heat Windows Doors Processing and Manufacturing Equipment Agricultural Equipment Yes; specific technologies not identified
Maximum Loan:	$50,000 Working capital loans: $5,000
Loan Term:	Non-working capital loans Prime or below prime interest rates Average term length: 3-5 years Working capital loans Prime interest rate + 2% Term length: 2 years

Authorities

Name:

Green Business Revolving Loan Fund Flyer

This information is sourced from DSIRE; the most comprehensive source of information on incentives and policies that support renewables and energy efficiency in the United States. Established in 1995, DSIRE is operated by the N.C. Clean Energy Technology Center at N.C. State University.