Alternative Fuel Vehicle (AFV) Loan Fund

The Business Environmental Clean-Up Revolving Loan Fund offers loans for working or development capital to businesses that convert gasoline and diesel-powered vehicles to run on alternative fuels. In order to qualify, a business must meet the following four criteria:

• Have been in business for at least two years;
• Have gross revenues under $3 million in its most recent fiscal year or have less than 150 employees;
• Derive at least 75% of its gross revenues from motor vehicle fuel conversion activities; and
• Demonstrate that it is unable to obtain financing from conventional sources on reasonable terms or in reasonable amounts.

(Reference C.G.S.32-23z)