(2) Machinery and equipment must not exceed 20 years, or the useful life, including major rebuilds and component replacement, whichever is less;
(3) Combined loans on real estate and equipment must not exceed 30 years; and
(4) Working capital loans must not exceed 7 years.
(b) The first installment of principal and interest will, if possible, be scheduled for payment after the project is operational and has begun to generate income.
(c) Payment terms must comply with § 4279.126(c) of this chapter.
(d) The maturity of a loan will be based on the use of proceeds, the useful life of the assets being financed, and the borrower's ability to repay.
(e) All loans guaranteed through this program must be sound, with reasonably assured repayment.
(f) Guarantees must be provided only after consideration is given to the borrower's overall credit quality and to the terms and conditions of renewable energy and energy efficiency subsidies, tax credits, and other such incentives.
(g) A principal plus interest repayment schedule is permissible.
Title 7 published on 2014-01-01
no entries appear in the Federal Register after this date.
This is a list of United States Code sections, Statutes at Large, Public Laws, and Presidential Documents, which provide rulemaking authority for this CFR Part.