Energy Loan Fund Application Update

(Submitted by Melissa Carter, Business Development Specialist, Small Business Development Center, OSU South Centers)

Ohio Development Services Agency pic for Energy loan post

The Ohio Development Services Agency will open a new round of funding for the Energy Loan Fund on July 15, 2015. The Fund provides financing for energy efficiency and advanced energy projects to Ohio businesses, manufacturers, non-profits, schools, colleges and universities, and public entities. A total of $11.25 million in funding is available for Fiscal Year 2016.

The Energy Loan Fund guidelines and application process have been updated for the new round of funding. Applicants are encouraged to thoroughly read the program guidelines before starting the application process. A few important updates:

• All applicants must submit a Letter of Intent. A prospective applicant cannot submit a formal application without having first submitted a Letter of Intent. Letters of Intent will be accepted only from July 15 – August 12, 2015 for this round of funding.
• Loan amounts will range between a minimum of $250,000 to a maximum of $1,250,000 for all applicants.
• All applicants must attend the Bidder’s Conference on August 26, 2015.

All applicants are required to submit a Letter of Intent to the Ohio Development Services Agency by Wednesday, August 12, 2015. Once an applicant has submitted a Letter of Intent, they will receive instruction on how to complete a formal application.

A copy of the updated guidelines and information on the application process can be found here. Questions specific to applying for current round of funding should be sent to energy@development.ohio.gov.

Thank you for your interest in the Energy Loan Fund.

The State of Ohio is an Equal Opportunity Employer and Provider of ADA Services.