USDA RD-Oregon REAP energy guaranteed loan program

Oregon
Business & Cooperative Programs

REAP Guaranteed Loan Program in Oregon
(last updated August 19, 2011)

Go to RD-Oregon Business Programs homepage

REAP (Rural Energy for America Program, formerly known as the "§9006" program) provides guarantees to commercial lenders on loans for the purchase and installation of renewable energy generating systems or energy efficiency improvements. This assistance is limited to loan to small businesses and farmers & ranchers. Projects must be located in a rural area. REAP guaranteed loans may finance up to 75% of such a project. The maximum loan size eligible for a REAP guarantee is $25 million.

REAP applications are accepted year round, but they are typically only funded during specific funding windows.
The application deadline for FY2012 funding has not been announced; it will likely be in late spring 2012.

REAP Guaranteed Loan Program Overview

Note: Although specifically designed for energy projects, RD's Business and Industry (B+I) guaranteed loan program may also assist with rural energy lending when REAP guarantees are not possible.

Tools

Eligible rural areas
Forms for banks & lenders
Application checklist for "small-combo" projects - projects costing ≤$200,000 where the borrower is also applying for a REAP grant
Application checklist for "large-combo" projects - projects costing >$200,000 where the borrower is also applying for a REAP grant

Resources

REAP Lender Guide
REAP Lender Servicing Responsibilities
REAP regulations - RD Instruction 4280-B

Links

National USDA Rural Development REAP web site
RD-Oregon Energy portal - includes links to other rural energy-supporting programs & agencies in Oregon

RD-Oregon contacts for rural energy

Contacts
Not from Oregon? Find your local RD contact