Energy Efficiency Revolving Loan Fund
| Eligible States | MS |
| Type | Loan |
| Area of Interest | Renewable Energy, Energy Efficiency |
| Description |
Mississippi offers low-interest loans for renewable energy and energy efficiency projects. All projects must demonstrate that they will reduce a facility's energy costs, promote the development and demonstration of efficient and commercially feasible technologies and processes in the state, and must also utilize Mississippi's existing energy resources, public utilities, and/or developing resources to foster economic growth. |
| Eligible Organizations | Educational Institution, Local Government, Nonprofit, Small Business |
| How to Apply | The borrower will be responsible for providing the Mississippi Development Authority with a one percent closing/servicing fee. The loan must be secured by a lien or liens on either the facilities to be installed and/or other unencumbered business assets, personal guarantees, surety bonds, or some combination of the above. Any individual owning 20 percent or more of a business obtaining a loan under this program must offer a personal guarantee for the loan. |
| For More Information | http://www.mississippi.org/index.php?id=340  |
| Primary Contact | Terrance Spears Mississippi Development Authority Energy Division P.O. Box 849 501 North West Street Jackson, MS 39201 (601) 359-3552 tspears@mississippi.org |