Athens-Clarke County - Green Business Revolving Loan Fund (Georgia)

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Summary

Last modified on November 17, 2010.

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


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 accessed 2010-11-16"