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Energy Efficiency Revolving Loan (EERL)
South Carolina — state programpreferred minimum $50,000 and the maximum is generally $1 million, however exceptions may be made
The EERL program provides loans to enable businesses and industry to save money by saving energy. Administered by the Business Development Corporation (BDC), it is primarily targeted at private businesses but is also open to utilities, non-profits, and government agencies under certain circumstances. Loans are evaluated on the financial stability of the borrower and the technical merit of the proposed energy measure(s).
Program details
- Type
- loan
- Amount
- preferred minimum $50,000 and the maximum is generally $1 million, however exceptions may be made
- Eligibility
- Primary target is business and industry, although utilities, non-profits and government entities could be eligible under certain circumstances.
- Administrator
- Business Development Corporation (BDC) / SC Energy Office
Source: South Carolina — state program. Confirm current terms with the administering agency before applying.