REAP Guaranteed Loan Program in Oregon
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. There is an exception for Ag. Producers. 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
Notice of Funding Availability (NOFA) for Fiscal Year
2013 has been announced. The deadlines to submit
applications are as follows: Renewable Energy
Systems and Energy Efficiency Improvements Applications
Grant only applications are due by May
31,2013
Grant and guaranteed loan combination applications are due
May 31, 2013 Guaranteed loan only
applications are due by July 15, 2013 Feasibility
Study Grants Applications Applications
are due by May 31, 2013 Contact our office with
questions at (503)414-3369
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
Resources
RD-Oregon contacts for rural energy
Click here to sign up for
"Energy Program Notices for Small Business &
Agricultural Producers"
and other e-mail alerts for USDA Rural Development programs
in Oregon.
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