The Alternate Energy Revolving Loan Program (AERLP) for alternative energy projects is administered by the Iowa Energy Center. Through a participation agreement with the project lender, the program provides up to half the cost of biomass or alternative fuel production projects, up to a maximum of $1 million per facility. The AERLP funds are provided at 0% interest with the lender's funds bearing market interest. Fuel production facilities must be located in Iowa. Funding is currently limited. (Reference Iowa Code 476.46)
William Haman
Alternate Energy Revolving Loan Program Manager
Iowa Energy Center
Phone (515) 294-8819
Fax (515) 294-9912
iec@energy.iastate.edu
http://www.energy.iastate.edu/AERLP/index.htm
The Value-Added Agriculture Program offers a combination of forgivable and traditional low-interest loans for business projects involving the production of alternative fuels. The mixture of forgivable and low-interest loans varies according to the size of the award. Research and development projects are not eligible for this program.
Business Finance Program
Program Coordinator
Iowa Dept. of Economic Development, Business Development Division
Phone (515) 725-3133
Fax (515) 725-3010
business@iowalifechanging.com
http://www.iowalifechanging.com