LOAN BASICS

• Energy efficient buildings 

• Renewable energy (solar, storage, geothermal, wind, etc.) and 

• Zero-emissions transportation, including charging infrastructure 

Loan Terms:  

• Commercial Loans $100,000 or greater 

• Rates in the 4.0% to 5.0% APR, plus reasonable origination fees  

• Preference to join in participation loans with other banks 

• Emphasis in short-term, construction, and ITC bridge loans, but also open to longer terms with 20-25 year amortization 

• Projects for Low Income Disadvantaged Communities (“LIDACs”) are prioritized, but available to assist for all Iowa communities 

• Build America Buy America may apply to projects above $250,000 if the project is for the public or considered a place of public accommodation. Davis Bacon Act will apply to projects over $250,000, but we can assist with compliance.  

LIDAC is based either on the geographic location of the funded project/portfolio or the population being served (80% of LMI or 200% of FPL). For eligible census tracts: 

• Climate + Economic Justice Screening Tool (CJEST)

• Environmental Justice Screening Tool (EJScreen)

For more information, contact Joel Zook, Loan Program Manager,  at jzook@iowaenergyfund.org or by phone at (515) 442-4408.