Linked Deposit Loan Program (West Virginia)
Last modified on February 12, 2015.
|Applies to States or Provinces||West Virginia|
|Name||Linked Deposit Loan Program (West Virginia)|
|Policy Category||Financial Incentive|
|Policy Type||Loan Program|
|Affected Technologies||Biomass/Biogas, Coal with CCS, Concentrating Solar Power, Energy Storage, Fuel Cells, Geothermal Electric, Hydroelectric, Hydroelectric (Small), Natural Gas, Nuclear, Solar Photovoltaics, Wind energy|
|Program Administrator||West Virginia Development Office|
The Linked Deposit Loan Program is targeted at small, private firms with 50 or fewer employees and gross annual revenues of $5 million or less comes. This loan offered through the West Virginia Development Office, comes with an interest rate of 1 percent above published New York Prime and is up to $250,000. Program Sunsets in 2013.
|Contact Name||Kevin Twohig, Deputy Director|
|Department||West Virginia Department of Commerce|
|Division||Small Business Development Center|