Athens-Clarke County - Green Business Revolving Loan Fund (Georgia)
Last modified on February 12, 2015.
Financial Incentive Program
|Name||Athens-Clarke County - Green Business Revolving Loan Fund|
|Incentive Type||Local Loan Program|
|Eligible Technologies||Agricultural Equipment, Doors, Processing and Manufacturing Equipment, Windows, Solar Water Heat, Unspecified technologies|
|Energy Category||Energy Efficiency Incentive Programs, Renewable Energy Incentive Programs|
|Amount||$1,000 - $50,000|
|Maximum Incentive|| $50,000|
Working capital loans: $5,000
|Terms|| Non-working capital loans|
Prime or below prime interest rates
|Program Administrator||Athens-Clarke County Department of Human and Economic Development|
|Date added to DSIRE||2010-10-29|
|Last DSIRE Review||2012-08-07|
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.
Authorities (Please contact the if there are any file problems.)
|Authority 1:||Information Flyer.pdf Green Business Revolving Loan Fund Flyer|
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.