Maple Grove Citizens for Sustainability - MGC4S

ATTENTION SMALL BUSINESS OWNERS - $2 million available for small businesses to upgrade or purchase capital equipment

Applications accepted on a rolling basis:
The MPCA is still accepting applications for the Small Business Environmental Improvement Loan! 0% interest loans are available to assist Minnesota’s small businesses improve their business practices to meet or exceed environmental regulations. More information can be found on the small business environmental improvement loans webpage. https://www.pca.state.mn.us/grants-and-loans/small-business-environmental-improvement-loans

Funding available:
Approximately $2 million in funding is available. The minimum loan amount is $1,000 and the maximum loan amount is $75,000. The interest rate is zero percent (0%).

Eligible applicants and projects:
Eligible applicants include existing Minnesota small businesses that must have:
• less than 100 full-time employees.
• an after-tax profit of less than $500,000.
• a demonstrated ability to repay the loan.
Examples of eligible projects include:
• Upgrade refrigerants to a lower global warming potential (GWP)
• Upgrade winter maintenance equipment (i.e. brine equipment, snow blade equipment, snowblower etc.)
• Water Based Paint Equipment/Booth
• Auxiliary Power Unit
• Installation of EV charging stations at small businesses
• Upgrade to battery powered commercial landscaping equipment
• Equipment to support outdoor air emission reduction projects from finishing operations and autobody shops

Ineligible projects: Lighting, HVAC, or the purchase of a new vehicle.

Questions?
Email any questions regarding the loan program to [email protected].