Eligible Facility Borrower (Missouri)

From Open Energy Information


Last modified on February 12, 2015.

EZFeed Policy

Place Missouri


Applies to States or Provinces Missouri
Name Eligible Facility Borrower (Missouri)
Policy Category Financial Incentive
Policy Type Loan Program
Affected Technologies Biomass/Biogas
Active Policy Yes
Implementing Sector State/Province






Funding Source Missouri Linked Deposit Program








Program Administrator Missouri Department of Agriculture, Missouri State Treasurer’s Office
Primary Website http://mda.mo.gov/abd/financial/eligiblefacility.php


Last Review 2014-09-15


Information Source http://mda.mo.gov/abd/financial/pdf/eligiblefacility.pdf


Summary

The Missouri State Treasurer’s Office administers the Missouri Linked Deposit Program, one of the nation’s most utilized low interest loan programs. In order to promote Missouri’s economic growth and development, below-market rate deposits of state funds are placed in Missouri financial institutions, allowing eligible borrowers to obtain low interest loans from that institution. The borrower typically saves 25-30% of the interest paid on a standard business loan. An Eligible Facility Borrower is a development facility or renewable fuel production facility borrower; otherwise defined as any partnership, corporation, cooperative, or limited liability company organized or incorporated under the laws of this state consisting of not less than twelve producer members for the purpose of owning or operating within this state a development facility or a renewable fuel production facility.

The production facility borrower must be qualified by the Missouri Agricultural and Small Business Development Authority. The energy must derived from a renewable, domestically grown organic compound capable of powering machinery, including an engine or power plant, and any by-product derived from such energy source.


<metadesc> Eligible Facility Borrower (Missouri): energy incentive program. </metadesc>

Policy Contact

Department Missouri Department of Agriculture
Division Missouri Agricultural and Small Business Development Authority
Address P.O. Box 630
Place Jefferson City, Missouri
Zip/Postal Code 65102
Phone (573) 751-2129
Fax (573) 522-2416
Email masbda@mda.mo.gov
Website http://mda.mo.gov/abd/staff.php#masbda
Department Missouri State Treasurer
Division Missouri Linked Deposit
Address PO Box 210
Place Jefferson City, Missouri
Zip/Postal Code 65102
Phone (573) 751-2372


Website http://treasurer.mo.gov/

















References