Biorefinery Assistance
Department Of Agriculture, Rural Business Cooperative Service
The program provide loan guarantees for the development, construction, and retrofitting of commercial-scale biorefineries as well as biobased product manufacturing facilities.
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Helps businesses develop and build new technologies for advanced biofuels and renewable products. Offers loan guarantees up to $250 million.
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What Is This Program?
What Benefits Are Offered?
This program provides loan guarantees up to $250 million to assist in the development, construction, and retrofitting of new and emerging technologies. These include advanced biofuels, renewable chemicals, and biobased products. Funds may be used for commercial-scale biorefineries and biobased product manufacturing facilities. Refinancing may also be eligible in certain circumstances.
Who Is Eligible?
Business Size: small, medium, large
Industries: advanced biofuels, renewable chemicals, biobased products manufacturing, biorefineries
Region: all 50 US states, US territories, US protectorates
Other Criteria: Applicants (lenders) must have legal authority, experience, and expertise and meet the FDIC definition of “Well Capitalized” (Federal or state-chartered banks, Federally-recognized tribes, Cooperatives, Farm Credit Bank, Credit Unions, National Rural Utilities Cooperative Finance Corporation)., Borrowers (entities for whom guarantees are requested) can be individuals, public and private entities, state and local governments, corporations, Indian tribes, farm cooperatives and organizations, associations of agricultural producers, National Laboratories, Institutions of Higher Education, Public Power entities., Project must be located in a State (any of the 50 states, territories, and protectorates)., Total federal participation (loan guarantee + other federal funding) must not exceed 80% of the total eligible project costs., The borrower and other principals involved in the project must make a significant cash equity contribution.
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FAQFrequently Asked Questions
This program is available to small, medium, large businesses in advanced biofuels, renewable chemicals, biobased products manufacturing industries located in all 50 US states, US territories, US protectorates.
This program offers funding up to $250,000,000.
This program accepts applications on a rolling basis.
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