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Pathway raises efficiency loan program limit to $5M

A loan program for businesses making energy efficient improvements has increased the maximum it will lend to $5 million, reports Larisa Brass in this month's Greater Knoxville Business Journal. That's up from the previous limit of $1 million.

The increase should help manufacturers, in particular, invest in larger projects that will reap more energy savings, says Amy Bunton, senior vice president at Pathway Lending, which administers the $50 million program, established last year with public and private funds.

The 10-year loans finance up to 100 percent for building retrofits, equipment replacement and upgrades, lighting and renewable power generation. The loan is designed to be repaid with the resulting savings.


For more information on the loans, see www.pathwaylending.org


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