Implementing Sector: | State |
Category: | Financial Incentive |
State: | Arkansas |
Incentive Type: | Loan Program |
Web Site: | http://www.adeq.state.ar.us/poa/sba/envloans.htm |
Administrator: | Arkansas Department of Environmental Quality |
Eligible Efficiency Technologies: | Comprehensive Measures/Whole Building |
Maximum Loan: | Per loan: $45,000 Lifetime maximum per business: $65,000 |
Loan Term: | 80% of prime interest rate, with a term of up to 10 years; available to profitable businesses with 100 or fewer employees |
The Arkansas Department of Environmental Quality (ADEQ) offers low-interest loans to small businesses to institute pollution control measures required by state or federal law, or to institute pollution prevention and waste reduction measures. Energy efficiency projects are also eligible for these loans. Loans can be used to purchase equipment or make process changes to fulfill one or more of the activities:
- Elimination or reduction of wastes, effluents, and emissions at the source
- Conservation of natural resources
- Reuse of materials and recycling
- Procurement of environmentally preferable products
Loan applications can be found on the program web site or interested applicants can contact the Business Assistance section of the ADEQ.
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