Category: Renewable Energy Financing
- Purchase land, construct or repair buildings or fixtures, or promote soil and water conservation
- Interest rates are lower than market rate; terms cannot exceed 40 years. Loans up to $ 300,000
- Same fund use as “Direct Farm Ownership Loan” except loan may be used to refinance debt
- Farm Service Agency guarantees up to 95% of the loan, or up to $1,214,000.
If your small business, small agricultural cooperative, small business engaged in aquaculture, or private, nonprofit organization has suffered economic injury, regardless of physical damage, and is located in a declared disaster area, you may be eligible for financial assistance from the SBA.
Eligible small businesses are those that are American-owned and independently operated. They must be for-profit businesses, with the principal researcher being employed by business. Company size is limited to 500 employees.
Provides funding for the development and commercialization of renewable energy sources including wind, solar, geothermal, hydrogen, biomass and biofuel, to change the way people power their cars, homes, businesses and industries.
U.S. Department of Agriculture Rural Development: Value-Added Producer Grants (VAPG)
Awards may be made for planning activities or for working capital expenses, but not for both. The maximum amount for a planning grant is $100,000 and the maximum amount for a working capital grant is $300,000. Applicant must match grant request with equal amount of their own funding. Funds cannot be used for construction or production and harvest of the first commodity.