Renewable Fuel Fund

June 08, 2004


The Renewable Fuel Fund is one of two separate programs under the Value-Added Agricultural Products and Processes Financial Assistance Program. This value-added program combines forgivable and traditional loans. Approximately 20% of the money awarded to the project is in the form of a forgivable loan and the remaining 80% is a low-interest loan. The interest rate on the loan is typically lower than prime rate. Research and development projects are not eligible for this program. Past funded projects include ethanol plants, soybean processing plants and biodiesel from soybeans. The maximum amount per project is $520,000.

Program Overview

Implementing Sector: State
Category: Financial Incentive
State: Iowa
Incentive Type: Loan Program
Web Site:
Administrator: Iowa Department of Economic Development
Start Date:
Eligible Renewable/Other Technologies:
  • Biomass
Maximum Loan: $520,000
Loan Term: Interest rate typically below prime rate


Name: Joe Jones
Organization: Iowa Department of Economic Development
Address: 200 E. Grand
Des Moines IA 50309
Phone: (515) 242-4801

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.