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Country: 
Barbados
Abbreviation: 
EGFL
Funding Name: 
Smart Fund Loan
Target group: 
SME
Currency: 
BBD
Eligible Technologies: 
Biomass
Eligibility and other Conditions: 

- Open to SMEs and government-owned companies and EGFL-acceptable organisations
- Energy audit to be conducted by a Smart Fund Partner
- Evidence of electricity/gas consumption over tha previous 12 months
- Eligible projects are distributed scale projects, generating close to the point of consumption, whether grid-connected or not
- No installed capacity limit
- Eligible technologies are those which are technically and economically viable

Max. amount: 
$1 500 000
Source of Financing: 
Local
Financing Type: 
Loan
Max. financing amount (% of full project cost): 
100.00%
Interest rate: 
3.75%
Fixed/Variable: 
Variable
Maximum tenor: 
10
Equipment accepted as collateral?: 

No

Accompanying services provided: 

- Technical Assistance (TA) Grants of up to BBD 40,000 to fund pre-investment energy audits or feasibility studies (Technical Assistance funding envelope of BBD 1,000,000). Management fee of 2% deducted from grant disbursement. Applicants required to make a refundable (subject to conditions) deposit of up to 50% of the TA Grant
-Full list of Smart Fund Partners (SFP) to provide technical assistance

Contacts and Further Information: 

Websites:
General EGLF Website: http://egfl.bb/
Smart Fund Loan Facility Guidelines: http://egfl.bb/docs/EE_Retrofit_and_RE_Finance_Facility_Guidelines.pdf
Technical Assistance Facility Guidelines. Available at: http://egfl.bb/docs/Technical_Assistance_Facility_Guidelines.pdf

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