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Sustainable Business Clearinghouse

Small Business P2 Loans Overview

Organization Michigan Department of Environmental Quality
Organization Type Government
URL http://www.michigan.gov/deq/0,1607,7-135-3307_3515_4144---,00.html
Geographic Scope Michigan
Issue Energy Efficiency, Environmental Management Systems, Material Conservation/Waste Minimization, Pollution Prevention, Recycling
Sector Small Business
Type Of Assistance Financial Assistance, General Information, Technical Assistance
Description The Small Business P2 Loan Program (P2 Loan Program) provides loans of up to $400,000 at an interest rate of 5% or less to existing independently owned businesses with 500 or fewer full time employees. Projects that qualify for P2 loan funding include those that either eliminate or reduce waste at the business location (source reduction), result in environmentally sound reuse and recycling for the loan applicant's generated wastes, conserve energy or water on-site, or are a qualified agricultural energy production system.

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