Green Loans

Green Loans for Minnesota Businesses

Helping businesses improve energy efficiency

Some energy loan programs focus on single projects like an equipment replacement or a lighting retrofit. With support from the State of Minnesota, the CRF Green Loan for Minnesota Businesses takes a comprehensive look at overall business energy use with an eye toward lowering energy consumption, reducing ongoing expense, and increasing cash flow.

CRF’s Green Loan program pairs expert guidance and energy conservation best practices with financing at more favorable terms than traditional channels. For business owners who need between $20,000 and $300,000 in capital for significant green investments, CRF can help.

The process is simple: work with a resource to conduct an energy assessment, work with the business owner to select energy improvements, and then complete the loan application to begin work.

All loans subject to credit approval

Step 1 in the process

Businesses seeking new solutions for energy efficiency can contact CRF with a summary of the potential project to see if a Green Loan will be a good fit for the business.

Step 1 in the process

Applicants then complete a professional energy audit, analyzing energy efficiency strategies for the business and possible improvements.

Step 2 in the process
Step 3 in the process

CRF and applicant businesses then review the audit findings and prioritize the company’s proposed investment in energy savings.

Step 3 in the process

Upon approval, CRF helps provide financing for long-term energy-saving solutions.

Step 4 in the process


Loans are funded by a grant from the Minnesota Department of Commerce and the US Department of Energy as part of the American Recovery and Reinvestment Act of 2009, Pub. L. 111-5, (Recovery Act). Borrower will be responsible for certain state and federal requirements, including Wage Rate Requirements described below and the National Historic Preservation Act. WAGE RATE REQUIREMENTS UNDER SECTION 1606 OF THE RECOVERY ACT (a) Section 1606 of the Recovery Act requires that all laborers and mechanics employed by contractors and subcontractors on projects funded directly by or assisted in whole or in part by and through the Federal Government pursuant to the Recovery Act shall be paid wages at rates not less than those prevailing on projects of a character similar in the locality as determined by the Secretary of Labor in accordance with subchapter IV of chapter 31 of title 40, United States Code. Pursuant to Reorganization Plan No. 14 and the Copeland Act, 40 U.S.C. 3145, the Department of Labor has issued regulations at 29 CFR parts 1, 3, and 5 to implement the Davis-Bacon and related Acts. Regulations in 29 CFR 5.5 instruct agencies concerning application of the standard Davis-Bacon contract clauses set forth in that section. Federal agencies providing grants, cooperative agreements, and loans under the Recovery Act shall ensure that the standard Davis-Bacon contract clauses found in 29 CFR 5.5(a) are incorporated in any resultant covered contracts that are in excess of $2,000 for construction, alteration or repair (including painting and decorating). (b) For additional guidance on the wage rate requirements of section 1606, contact your awarding agency. Recipients of grants, cooperative agreements and loans should direct their initial inquiries concerning the application of Davis-Bacon requirements to a particular federally assisted project to the Federal agency funding the project. The Secretary of Labor retains final coverage authority under Reorganization Plan Number 14.

Share This Page

Facebook Icon Twitter Icon Envelope Icon LinkedIn Icon