Category: Assistance Programs
Business Expansion Loan Program
Great River Energy's Business Expansion Loan Program is designed to facilitate new commercial and industrial investment in areas served by cooperative member-owners of Great River Energy. Loans from $100,000 up to $500,000 will be considered for large, high-impact projects and may be used for most business expansion or start-up costs. The maximum maturity is 10 years and the interest rate could be as low as 0%, based on the scope of the project. The Business Expansion loan is limited to 50% of the total project costs.
Business Expansion funding is available to commercial businesses or a municipality serving a commercial customer of a cooperative member-owner of Great River Energy.
E3 Loan Program
Great River Energy offers an Electrification and Efficient Equipment Fund (E3 Fund) which provides a low-interest loan to cover the costs of acquisition and installation of energy efficient equipment and beneficial electrification projects. Loans from $50,000 up to $350,000 will be considered with an interest rate determined by energy savings achieved. The maximum maturity is 10 years based upon the useful life of the equipment. The E3 loan is limited to 80 percent of the total project costs.
E3 funding is available to end use consumers of Great River Energy's electric distribution cooperatives, and the loans are structured as a pass-through loan to the member co-op.
Data Center Site Assessment Program
The Data Center Site Assessment Program is designed to determine the suitability of a particular site for a data center development through a multi-level review of the available infrastructure, surrounding uses, local government and demographic information relevant to the proposed site.