Description

The Renewable Fuel Fund is one of two separate programs under the Value-Added Agricultural Products and Processes Financial Assistance Program. This value-added program combines forgivable and traditional loans. Approximately 20% of the money awarded to the project is in the form of a forgivable loan and the remaining 80% is a low-interest loan. The interest rate on the loan is typically lower than prime rate. Research and development projects are not eligible for this program. Past funded projects include ethanol plants, soybean processing plants and biodiesel from soybeans. The maximum amount per project is $520,000.