Who Can Apply?
California small businesses, some landlords, and non-profit organizations. In general, an applicant must meet SBA eligibility standards. The borrower must be the project's owner, operator and beneficiary.
What Are The Technical Requirements?
Each project submitted must have an analysis of its energy impact. (Contact your utility, equipment supplier or professional consultant for an analysis of your energy needs.)
For loans less than $200,000 that involve only measures covered by a utility endorsement or rebate program, the utility's certification meets this requirement.
In some cases, loans may be combined with other financing. If a loan is approved, loan funds can be used for up to 100% of net (after rebates, discounts or other incentives) project expenses and for:
1) Energy studies and design and consultant fees;
2) Materials and equipment costs incurred after SAFE-BIDCO acknowledgment of receipt of the application;
3) Loan fee.
What Can Loan Funds Be Used For?
Any project that:
a) Conserves energy equal to 15% of normal usage;
b) Manages load;
c) Retrofits;
d) Adding energy-efficient measures in existing facilities; or
e) To acquire certain equipment for a new facility.
Loan funds cannot be used for operating, maintenance, routine repair or fuel costs. The project financed and its benefits must remain within the state.
| Eligible Projects | Excellent Terms |
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(TERMS AND CONDITIONS SUBJECT TO CHANGE)
