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.
| 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: |
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| 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 |
| 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.
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