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

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Summary

Last modified on May 1, 2011.

Financial Incentive Program

Place Georgia


Name Athens-Clarke County Green Business Revolving Loan Fund
Incentive Type Local Loan Program
Applicable Sector Commercial
Eligible Technologies Windows, Doors, Processing and Manufacturing Equipment, Agricultural Equipment, Solar Water Heat, Yes; specific technologies not identified
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]


Summary

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.

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

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


















  • Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.[1]

References

  1. 1.0 1.1  "Database for Renewables & Efficiency" Cite error: Invalid <ref> tag; name "DSIRE" defined multiple times with different content