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|
| Title: |
MPCA Environmental Assistance Loan Program |
| Resource type: |
Grant/loan |
| Topics: |
Business
|
| Keywords: |
loans, environment, business |
| Audience: |
Business
|
| Region: |
Minnesota Statewide
|
| Summary: |
The FY 2012-13 MPCA Environmental Assistance (EA) Loan Program is currently offering both participatory loans and direct loans. Approximately $250,000 is currently available for EA loans. |
| Content: |
The FY 2012-13 MPCA Environmental Assistance (EA) Loan Program is offering two types of loans: 1) Participatory Loans, which provide for awards up to a maximum loan of $100,000 at zero percent interest and 2) Direct Loans, which are limited to established businesses/entities and provide for awards up to a maximum loan of $50,000 at four percent interest or one half the prime rate, whichever is greater.
Preference will be given to Minnesota small to medium-sized businesses and political subdivisions of Minnesota, and to projects related to green chemistry, pollution prevention, source reduction, recycling, and source-separated composting.
Eligible loan costs are limited to the capital costs (equipment and machinery) associated with implementing waste or pollution prevention technologies in Minnesota. Approximately $250,000 is currently available for EA loans. As funds are repaid, additional loans may be awarded for proposed projects that will improve the environmental and economic quality of Minnesota.
The complete RFP, inclusive of the process by which applicants may apply for a loan, is available on the Agency's web site listed below. This web page also provides downloadable application forms, reference documents such as Frequently Asked Questions, and links to applicable statutes and rules.
Applications received after the June 30, 2013, deadline will not accepted for consideration under this RFP.
For more details, see the web site below.
|
| Website: |
http://www.pca.state.mn.us/grants/ealoans.html |
| Suggested by: |
Paul Moss
|
| Added: |
03/19/12 |
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