DNRE’s Small Business Pollution Prevention Loan Program.

3 Feb 2011

Are you a small business owner seeking a loan to be more environmentally responsible?  If so, the DNRE’s Small Business Pollution Prevention Loan Program might be a fit for you.  Businesses with fewer than 500 employees can apply for loans of up to $400,000 with a guaranteed interest rate of not more than 5%. In the short application, the applicant must describe how their projects will eliminate or reduce waste through source reduction, environmentally sound reuse and/or recycling.

The loan program has become very popular among doctors and dentists in particular.  The DNRE announced at the end of last year that a dental clinic in Sterling Heights received a $40,000 loan to install a digital x-ray processor and associated equipment.  The installation eliminated the need for radiographic film, lead-lined film containers and the chemicals used to develop the film.  The new equipment also uses less water and energy compared to conventional x-ray equipment.

Loans are available to all private business sectors including farming, manufacturing, retail and service.  For more information about this program, please don’t hesitate to contact Arthur or me.

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