Sustainable Development Fund
Financing Guidelines
SDF assists with low interest, flexible follow-on financing to implement any or all of the energy recommendations for a project. Loans can be made on a subordinated basis without disturbing existing bank debt, and can be made in instances that might not be readily financed by banks.
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Customers and Uses
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- Manufacturers, wholesalers/distributors, retailers and service companies located in Bucks, Chester, Delaware, Montgomery or Philadelphia counties who want to finance equipment upgrades or electricity energy savings improvements to their plant/office facilities in order to:
- maximize energy efficiency
- conserve energy and reduce waste
- improve productivity
Examples include efficient lighting upgrade, lighting controls, motors, HVAC controls, chiller replacement, energy efficiency retrofits to commercial / industrial buildings, and manufacturing process energy improvements.
- End-user companies wishing to purchase advanced clean energy systems. Examples include:1) distributed generation technologies (off-grid photovoltaic generators, micro-turbines, etc.), 2) quality and assured power (back-up energy systems for critical systems, fuel cell applications), 3) energy storage systems.
- Start-ups and expansions of manufacturers, distributors and installers of advanced clean energy technologies (described above).
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Amount
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- $25,000 to $250,000 (lower or higher amounts are available under special circumstances)
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Rate
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- 5 - 6½%, fixed, with no prepayment penalties. Interest rate is subject to change.
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Terms
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Loan terms:
- up to 10 years for machinery and equipment loans
- up to 10 year term/15 year amortization for real estate loans
- up to 25 years for SBA-guaranteed real estate loans
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Collateral
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- assets financed· additional collateral and sureties as required
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Fees
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- $100 application fee· 1% loan commitment fee upon approval
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* Please note that these basic guidelines are subject to change.
To apply for an SDF lending product, complete and submit our Initial Financing Request Form.
For more information on SDF lending products, call SDF at 215-574-5800 or email Energy@TRFund.com.
