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Comparison Between USDA & DOE Loan Guarantees for First-Of-A-Kind Technologies

USDAoffers three loan guarantee programs, two of which, the Business & Industry Loan Guarantee and Renewable Energy for America Program (REAP), have a maximum loan amount of $25 million and require equity of at least 20% (thus supporting a $31.25 million project). Providing the project qualifies under REAP, one can apply for both a B&I and REAP loan guarantee, thus doubling the amount of loan that will qualify, up to $50 million, which will support a $62.5 million project. For more details visit us at: https://www.renewable-energy.consulting

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Comparison Between USDA & DOE Loan Guarantees for First-Of-A-Kind Technologies

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  1. Comparison Between USDA & DOE Loan Guarantees for First-Of-A-Kind Technologies Here’s how the U.S. Department of Agriculture Loan (USDA’s) Section 9003 Guarantee and U.S. Department of Energy’s Title XVII DOE Loan Guarantee compare with each other:  Similarities Both programs are designed specifically for commercializing first-of-a-kind technologies. These types of projects are almost impossible to fund through traditional sources of financing, since they are unproven at commercial scale andcarry considerable risk. That’s why these programs were established – to provide a bridge over the “valley of death” for promising technologies that have been proven in prototype, at pilot scale, or in other countries, but have not been used commercially in the U.S. and, hence, cannot attract the funding necessary to be built. www.renewable-energy.consulting

  2. US Department Of Agriculture Loans DOE has $40 billion in funding authorityand can finance projects in the billions of dollars. www.renewable-energy.consulting

  3. Department Of Agriculture Loans USDA Section 9003 Biorefinery, Renewable Chemical, and Biobased Product Manufacturing Assistance Program: • There is no cost to apply. • Maximum loan is $250 million. www.renewable-energy.consulting

  4. Department Of Agriculture Grants www.renewable-energy.consulting

  5. USDA Loan Guarantee There are four criteria for applying for a DOE Title XVII USDA loan guarantee. Projects must: Involve a new or significantly improved technology compared to other similar technologies in use in the U.S. www.renewable-energy.consulting

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