Loans for Small Businesses to upgrade equipment for chloride reduction
The MPCA provides zero-interest loans to small businesses (fewer than 100 full-time employees) for capital equipment purchases that meet or exceed environmental regulations.
Apply now for 0% interest! Benefits include an easy application process, flexible collateral options, and a long 7-year payback.
Loan terms and conditions:
- Loan amount between $1,000 and $75,000
- 0% interest rate
- Repayment term up to seven years
- Flexibility in the types of collateral accepted
- Awarded throughout the year
Many business sectors are eligible. Eligible projects that will reduce chloride and help protect Minnesota's water resources include but are not limited to:
- Brine making and application equipment
- Plow blade and broom technology
- Pavement temperature sensors
Applications and more information can be found at Small Business Environmental Improvement Loans | Minnesota Pollution Control Agency (state.mn.us).