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Small Business P2 Loans Overview
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. Funding for the P2 Loan Program comes from a revolving loan fund, made possible through passage of the Clean Michigan Initiative in November of 1998. Low interest loans are available to all Michigan businesses including manufacturing, farming, retail and service. |
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