Electric Vehicle Charging Station Loan Program

 Eligibility

  • Sole proprietorships, partnerships, corporations (for profit and non-profit) and municipalities wishing to undertake a project as described below.

Use of Proceeds

  • Purchase and/or installation of electric vehicle charging stations;
  • All stations must be made available for use by the general public.

Loan Rates and Terms

  • Interest Rate: 1% Fixed;
  • Term: Dependent on useful life of asset;
  • Loan Amount: Up to $100,000.

Fees

  • 2% commitment fee.

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