Descripción

The Michigan Small Business P2 Loan Program offers low-interest loans to small businesses for projects ranging from waste reduction to water and energy conservation. The program is open to independent for-profit businesses with 500 employees or fewer, and for projects that cause a significant increase in the energy efficiency of the business.

To apply, applicants should seek a banking lender that will finance half the cost of the project. The bank can charge a competitive interest rate, as long as the weighted average of the interest rate of the entire project does not exceed 5%. Following development of a qualifying project and finding a lender, applicants can submit an application, available from the program website above.