Renewable Energy Facilities Revolving Loan Fund

Program Name: Renewable Energy Facilities Revolving Loan Fund

Resource Type: State

State: Delaware, Mid-Atlantic

Agency: Program Source: Loan

Description: Effective Nov. 1, a new statewide revolving loan fund is available to help jump-start businesses specializing in energy efficiency. The new fund was made possible with a $500,000 grant from the U.S. Department of Commerce, which was matched by the Delaware Strategic Fund. Known as the Small Business Energy and Facilities Revolving Fund, it will provide loans at market to below-market interest rates to businesses that cannot otherwise obtain capital, provided that those businesses will create or retain jobs in industries that promote energy efficiency and/or recycling.