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

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Summary

Last modified on April 30, 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"