The Recycling Loan Fund, a program administered by the Massachusetts Business Development Corp., is seeking borrowers in recycling-related businesses for its fund. Since 1995 the RLF has invested more than $2.7 million in 15 recycling-related businesses. The program is funded by the Massachusetts Executive Office of Environmental Affairs and the Department of Environmental Protection.
Massachusetts firms involved in collecting and processing recyclable materials, as well as manufacturing and retailing recycling or reused products, are eligible for loans. Interest rates can either be fixed or floating, and the amounts range from a minimum of $50,000 to a maximum of $300,000.
For more information on the program contact Karen Michalski, assistant vice president, (617) 350-8877.
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