"Controlling energy costs is a key business strategy for all Tennessee companies," said Commissioner Kisber of the Tennessee Department of Economic and Community Development in a press release. "Helping those companies operate 'leaner' and 'greener' may help some businesses considering these types of investments to move forward."
The Energy Efficiency Loan Program is available to any business seeking to reduce energy consumption in their Tennessee facilities through building retrofits and upgrades, equipment replacement purchases or other energy efficiency or renewable energy projects.
Businesses may apply online at www.pathwaylending.org with first round applications due by November 1, 2010.
To be eligible for a loan, a business must have a complete an energy audit, assessment or vendor proposal with detailed project energy savings.
The program is the result of a collaborative effort between the state of Tennessee, the U.S. Department of Energy, the U.S. Economic Development Administration, Pathway Lending, Pinnacle Financial Partners and the Tennessee Valley Authority.
More information is available at www.pathwaylending.org or call (615) 425-7171.