|Program Type||State Loan Program|
Photovoltaics, Solar Water Heat, Solar Space Heat, Solar Thermal Electric, Solar Thermal Process
Heat, Landfill Gas, Biomass, and many more
|Amount||$15,000 - $300,000|
|Required Documentation||Energy Investment Loan Program Application|
|Official Web Site||http://www.mississippi.org/index.php?id=340|
Mississippi’s state loan program is available to commercial and industrial businesses as well as large residential projects that fall under applicable zoning and building laws usually in agricultural areas. This program offers a low fixed interest rate of 3 percent below the prime rate on a seven-year repayment plan. A maximum of $300,000 can be borrowed.
The state loan program is supported by a revolving loan fund of $7 million provided by federal oil overcharge funds.
To apply for the energy investment loan program, potential borrowers must fill out an energy investment loan program application available through Terrance Spears at the Mississippi Development Authority by phone at (601) 359 3552 or online by email at email@example.com.