firsttime
Funding Opportunity
Logo *
Climate Tech Finance for Private Organizations
Organization Name
Bay Area Air Quality Management District
Funding Opportunity Brief *
Loan guarantees up to $2.5M for emerging technologies that reduce greenhouse gas emissions.
Description

Climate Tech Finance is a new financing initiative of the Bay Area Air Quality Management District. The mission of Climate Tech Finance is to accelerate and support the development and deployment of low-carbon technology in the Bay Area and beyond. This program is offered through a partnership with the California Infrastructure and Economic Development Bank (IBank).

Private organizations can access the following funding through Climate Tech Finance:

Loan Guarantee 

Climate Tech Finance supports access to private lending by de-risking loans for emerging low-carbon technologies.

  • A maximum guarantee of $2.5M or up to 90% of the loan amount
  • Loan guarantee of up to 7 years
  • Loans from commercial banks of up to $20M
  • Eligible to Bay Area startups, entrepreneurs, small businesses, and eligible nonprofits.

Interested to see how Climate Tech Finance can support your efforts? Our team is happy to discuss your project ideas and financing needs. Please contact us at climatetech@baaqmd.gov.

Maximum Award Amount
$2,500,000.00
Tags
Climate Adaptation/Mitigation
Finance & Accounting
Government