Low Interest Loans Above $10,000 Available in Energy Efficiency Program
The New Hampshire Business Resource Center and Ocean National Bank have partnered to offer the Renewable Energy and Energy Efficiency Business Loan Program, which provides low-interest loans to small businesses to purchase structural and equipment improvements that reduce energy consumption. The energy efficiency technologies that are eligible are: lighting, chillers, heat pumps, air conditioners, compressed air, motors, motor-ASDs/VSDs, and dry-type transformers. Eligible renewable technologies are: solar water heat, solar thermal process heat, photovoltaics, wind, and biomass. The loan amounts are for $10,000 or more, with a maximum term of seven years. The interest rate is the prime rate minus 1%. Participants use energy cost savings to repay the loan. Contact: Public Information Officer, New Hampshire Business Resource Center, P.O. Box 1856, 172 Pembroke Road, Concord, NH 03302-1856; 603-271-2591; Fax: 603-271-6784; http://www.nheconomy.com/pdf/BusinessLoanBrochure.pdf
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