Department of
Economic & Community Development
Matthew Kisber, Commissioner
Small Business Energy Loan Program
The Tennessee Small Business Energy Loan Program provides low-interest loans of up to $300,000 to qualified Tennessee-based businesses to help upgrade the level of energy efficiency in their buildings, plants and manufacturing processes.
Eligibility
Companies with fewer than 300 employees or less than $3.5 million in annual gross sales or receipts are eligible to apply for loans to install insulation, double pane windows, energy efficient heating, cooling and ventilation and energy efficient lighting. Other measures shown to save energy or decrease demand are also eligible for funding. Free energy audits are available to help interested companies identify potential sources of energy savings.
Terms
Loans can be repaid over a period of time not to exceed seven years. A 0% interest loan is available for businesses located in Three-Star communities. For businesses located in all other communities, the loan is available at a rate of 3%.
Contact A Specialist:
For more information about the Small Business Energy Loan Program, contact Ryan Gooch at (615) 741-2994.
