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SBA’s Energy and Pollution Control Loan Programs

SBA’s Energy and Pollution Control Loan Programs. Basic Eligibility Requirements. Business must: Be operated for profit and not exceed SBA size standards. Not be engaged in lending, real-estate development, investments or speculation. Not be engaged in promotion of a specific religion.

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SBA’s Energy and Pollution Control Loan Programs

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  1. SBA’s Energy and Pollution Control Loan Programs

  2. Basic Eligibility Requirements Business must: • Be operated for profit and not exceed SBA size standards. • Not be engaged in lending, real-estate development, investments or speculation. • Not be engaged in promotion of a specific religion. • Not restrict patronage or be a gambling enterprise, or engage in prurient sexual materials or services. • Meet the specific loan program eligibility requirement. Sound Presentation

  3. What Are Lenders Looking For? SBA Participating Lenders Require: • Good character and credit history • Management expertise and commitment to succeed • Sufficient personal contribution to equity that supports the risk • Feasible, comprehensive plan with a proven or tested product or concept. • Sufficient collateral (all available collateral has been pledged) including Personal Guarantees. • Ability to repay loan from historical earnings or projected operating cash flow

  4. Energy Conservation Loan Program • Loans targeted towards small businesses engaged in engineering, manufacturing, distribution, marketing, installing, or servicing products that are designed to conserve our nation’s resources. • Program can be used with other loan programs. • Loans for traditional energy conservation in other industries are under the regular SBA 7(a) Loan Program.

  5. Energy Conservation Loan Program • Open SBA Handout… • What measures are eligible for financial assistance? • What can we use the money for? • Are there any special criteria?

  6. Energy Loan Program • Loan Amount: Up to $2 Million. • Rate: Capped at 2 ¾% over Prime. • Terms: Up to 25 years depending on use. • SBA Fees: 2 to 3 ½ percent. • Loan Proceeds: Acquire property, limited research and development costs (30% maximum), and working capital. • Other: Requires comprehensive Business Plan to support and justify loan purpose.

  7. Pollution Control Loan Program • Loans for small businesses that plan to design, build, or service a new Pollution Control Facility. Loans for similar purposes to existing facilities are offered under SBA’s regular 7(a) Loan Program. • Can be used with other loan programs when limits or credit enhancement is required. • Loans for improvements, additions, or pollution control enhancements to an existing facilities are covered under SBA’s 7(a) Loan Program.

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