![[logo] US EPA](http://www.epa.gov/epafiles/images/logo_epaseal.gif){kind=logo}
Funding Resources
Funding Resources
| MN Value-Added Stock Loan Program | |
|---|---|
| Type of Incentive | Loan |
| Eligible States | MN |
| Eligible Technology | Backpressure Turbine, Boiler, Combustion Turbine, Condensing Turbine, Extracting Turbine, Fuel Cell, Microturbine, Other, Reciprocating Engine, Heat Recovery Generator, Stirling Engine |
| Eligible Fuel | Biogas, Biomass, Other |
| Eligible Project Size | All (MW) |
| Critical Information | The Minnesota Legislature established the value-added stock loan program in 1994. This program aims to help farmers purchase stock in wind energy or anaerobic digestion projects. Loans are available through the Rural Finance Authority (RFA) and the program is a loan participation program where a farmer will work with a local lender and then they will jointly file an application with the RFA. The RFA will participate up to 45% on a loan, to a maximum of $200,000. The interest rate on the RFA portion of the loan is either the lesser of a fixed rate of 4.0% or the lender's APR at the time of closing. To be eligible, an applicant must have a total net worth of less than $382,000 (as of 2007, indexed for inflation), including the assets and liabilities of the applicant's spouse and children. |
| Start Date | 1/1/1994 |
| End Date |
|
| Minimum Efficiency (%) |
|
| Additional Information | * This program has no specified expiration date. |
| Web Site | http://www.mda.state.mn.us/AgFinance/stockloan.html |
| Primary Contact | Gary Blahosky 625 Robert Street North St. Paul, MN 55155 U.S.A. Gary Blahosky (Gary.Blahosky@state.mn.us) 651) 201-6666 (651) 296-9388 |