The Energy Access Relief Fund (EARF) has been designed to provide up to 4-year tenure, subordinated, unsecured, low-cost, subsidized loans to women owned/managed companies that are facing liquidity challenges due to COVID-19. The fund intends to focus on the smaller to mid- sized energy access companies that are addressing the needs of the bottom of the pyramid consumers and expects to make about 90-100 loans. While the fund will seek to be as inclusive as possible, its primary focus is expected to be on loans of less than $1M, within a range of $100K to $2.5M.
Women owned and/or managed companies that are interested are encouraged to submit an expression of interest (EOI) as soon as possible but no later than Tuesday, November 17, 2020, end of day EST at the link below. Submissions will be reviewed on a rolling basis as they come in.
Read more: SIMA