Direct Loans for Businesses Involved in Recycling.
Administered by BDC Capital, and funded by the Massachusetts Department of Environmental Protection, the Recycling Loan Fund offers loans ranging from $50,000 to $500,000 to help Massachusetts businesses active in recycling-related activities obtain the capital needed for any reasonable business purpose.
General Program Parameters:
- Loans from $50,000 to $500,000 for recyclers
- Loans up to $1.5 million for anaerobic digestion projects
- Terms up to ten years
- Direct loans to solid waste recycling or re-use businesses
- For permanent working capital, refinancing, and real estate, machinery & equipment, and acquisition financing
Many Types of Businesses Qualify
Recycling companies, subsidiaries or units that qualify are those whose primary purpose involves:
- Collecting or separating recyclable materials for resale
- Reuse, processing, composting or converting of recyclable materials into marketable products
- Manufacturing products that use recycled materials
- Wholesaling or retailing of recycled feedstocks or products containing a significant percentage of recycled materials
Priority Assistance for Food Waste Projects
- Preferred terms for composting, anaerobic digestion, or other facilities that divert food waste from disposal.
- Interest rates as low as 2% (depending on credit, risk factors, and materials recycled).
- Businesses such as food processors that are not recycling or composting businesses, but that generate food waste, may be eligible to develop on-site composting or digestion operations for food waste diversion.
Some examples of businesses we have financed include:
- A composting facility
- A converter of paper with recycled content
- A manufacturer of recycled-content plastic products
- An asphalt plant
- An electronics recycler
- A foundry
- An anaerobic digestion facility
- A scrap metal recycler
- A paper shredding (document destruction) recycler
- A construction and demolition recycler
- A carpet recycler
