Difference between revisions of "Athens-Clarke County - Green Business Revolving Loan Fund (Georgia)"

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{{Financial Incentive Program
 
{{Financial Incentive Program
 +
|Place=Georgia
 +
|Incentive/Type=Local Loan Program
 +
|Incentive/Name=Athens-Clarke County Green Business Revolving Loan Fund
 +
|Incentive/Active=Yes
 +
|Website=http://www.athensclarkecounty.com/
 
|Incentive/ApplDsc=Commercial
 
|Incentive/ApplDsc=Commercial
 +
|Incentive/TechDsc=Windows, Doors, Processing and Manufacturing Equipment, Agricultural Equipment, Yes; specific technologies not identified, Solar Water Heat
 +
|Incentive/ImplSector=Local
 +
|Incentive/EnergyCat=Renewable Energy Incentive Programs, Energy Efficiency Incentive Programs
 +
|References=DSIRE<ref name='DSIRE'>{{cite web | url=http://www.dsireusa.org | title=Database for Renewables & Efficiency}}</ref>
 +
|DSIRE/Id=GA59F
 
|DSIRE/DtAdd=2010-10-29
 
|DSIRE/DtAdd=2010-10-29
|DSIRE/Id=GA59F
 
|Incentive/Name=Athens-Clarke County Green Business Revolving Loan Fund
 
|Incentive/Type=Local Loan Program
 
 
|DSIRE/LstUpdt=2010-10-29
 
|DSIRE/LstUpdt=2010-10-29
|Place=Georgia
+
|Incentive/DsireSyncDate=2011-04-13 19:15:06
|Incentive/TechDsc=Windows, Doors, Processing and Manufacturing Equipment, Agricultural Equipment, Yes; specific technologies not identified, Solar Water Heat
 
|Website=http://www.athensclarkecounty.com/
 
|Incentive/EnergyCat=Renewable Energy Incentive Programs, Energy Efficiency Incentive Programs
 
|Incentive/Active=Yes
 
 
|Incentive/Amt=1,000-50,000
 
|Incentive/Amt=1,000-50,000
|Incentive/MaxInc=50,000
+
|Incentive/MaxInc=50,000<br>
 
Working capital loans:5,000
 
Working capital loans:5,000
|Incentive/Terms='''Non-working capital loans'''
+
|Incentive/Terms='''Non-working capital loans'''<br>
Prime or below prime interest rates
+
Prime or below prime interest rates<br>
Average term length: 3-5 years '''Working capital loans'''
+
Average term length: 3-5 years<br> '''Working capital loans'''<br>
Prime interest rate + 2%
+
Prime interest rate + 2%<br>
 
Term length: 2 years
 
Term length: 2 years
 
|Incentive/ProgAdmin=Athens-Clarke County Department of Human and Economic Development
 
|Incentive/ProgAdmin=Athens-Clarke County Department of Human and Economic Development
|Incentive/DsireSyncDate=2010-12-27 22:38:43
 
|References=DSIRE<ref name='DSIRE'>{{cite web | url=http://www.dsireusa.org | title=Database for Renewables & Efficiency accessed 2010-12-27}}</ref>
 
 
}}
 
}}
  

Revision as of 20:15, 13 April 2011

Summary

Last modified on April 13, 2011.

Financial Incentive Program

Place Georgia


Name Athens-Clarke County Green Business Revolving Loan Fund
Incentive Type Local Loan Program
Applicable Sector Commercial
Active Incentive Yes
Implementing Sector Local
Energy Category Renewable Energy Incentive Programs, Energy Efficiency 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
Average term length: 3-5 years
Working capital loans
Prime interest rate + 2%
Term length: 2 years

Program Administrator Athens-Clarke County Department of Human and Economic Development
Website http://www.athensclarkecounty.com/


References DSIRE[1]


Authorities (Please contact the if there are any file problems.)

Authority 1: Information Flyer.pdf Green Business Revolving Loan Fund Flyer


















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 1 year. All other loans are limited to $50,000 with unspecified interest rates at or below the prime rate. These term length of non-working capital loans is an average of 3-5 years. Interested businesses should contact Community Economic Development Coordinator Teri Evans at (706) 613-3748 or tevans@co.clarke.ga.us.

References

  1.  "Database for Renewables & Efficiency"