Michigan Administrative Code
Department - Environmental Quality
Office of Environmental Assistance
Small Business Pollution Prevention Assistance Loan Fund
Section R. 324.14505 - Loan application process
Current through Vol. 24-04, March 15, 2024
Rule 5.
(1) A small business shall file an application for a small business pollution prevention loan on an application form provided by the department.
(2) The application shall include all of the following information:
(3) The lending institution or applicant shall submit the completed loan application and supporting documentation to the department for approval. At a minimum, supporting documentation shall include all of the following:
(4) A lending institution shall not award a small business pollution prevention loan until it receives a notice from the department that the project described in the application is an eligible pollution prevention project.
(5) A lending institution shall execute a small business pollution prevention loan under terms in the loan agreement and the lender agreement.
(6) The applicant shall execute a small business pollution prevention loan under terms in the loan agreement and the supplemental agreement.