Great River Energy loan programs offset equipment and construction costs and land acquisition expenses for startups

Great River Energy’s pass-through loan programs fund land acquisition, construction cost, and equipment purchases for new and expanding businesses. Other loans invest in electrification and net carbon reduction projects. 

Equipment, land acquisition and construction costs are all covered by GRE loan programs 

Eligible commercial customers can apply for the Business Expansion Loan Program to cover up to half of all project costs, up to $500,000. It and Energy Efficiency and Electrification (E3) commercial financing loans can have interest rates as low as 0.0%. Suggested uses include land acquisition, covering construction costs, or purchasing new equipment. Projects must save up to 100,000 kilowatt-hours annually or generate new electrical demand of not less than 500 kilowatts. 

Learn more about the E3 program, the Business Expansion Loan Program and its companion programs here.