By Maryland Agricultural & Resource-Based Industry Development Corporation
Rural Business Energy Efficiency Improvement Loan Fund (RBEEIL) offers low-interest "micro" loans for energy efficiency projects undertaken by food and fiber producers and processors implementing the recommendations of a third-party energy auditor.The minimum loan amount is $2,500 and the maximum loan amount is $30,000. Loan advances may not exceed the cost of actually making the improvements minus any grant incentive funding received for a project. A credit score of at least 650 is required with no bankruptcies filed within the last seven years. Loans made under this program are unsecured and only the personal guarantees of the borrowers and/or businesses would be required. A letter of referral from a commercial lender is required.
Maryland