Recycling Market Development Revolving Loan Program

Grant Opportunity: Recycling Market Development Zone (RMDZ) Loan Program Funding Organization: CalRecycle (Department of Resources Recycling and Recovery) Contact Information: - CalRecycle: - Phone: (916) 341-6199 - Email: LAMD@calrecycle.ca.gov - Contact Form: https://www2.calrecycle.ca.gov/Forms/BizAssistance/RMDZInfo/ - Local RMDZ Administrator list: https://www2.calrecycle.ca.gov/bizassistance/rmdz/zones/contacts Program Intent: The RMDZ Loan Program, administered by CalRecycle, aims to stimulate the use of postconsumer waste materials and secondary waste materials generated in California as raw materials used by private businesses, industries, and commerce. The program supports the circular economy goals of CalRecycle and various legislative initiatives that will increase supplies of recovered materials. Loans are prioritized for projects that fill gaps in California's circular economy and demonstrate innovative reduction, reuse, recycling, or remanufacturing of materials. Eligible Applicants: - Private, for-profit entities - Nonprofit organizations (except private schools) - Local government entities (cities, counties, cities and counties) - Regional or local sanitation agencies, waste agencies, and joint powers authority Eligibility Criteria: - Projects must be located within a CalRecycle designated RMDZ or benefit a local jurisdiction in complying with Public Resources Code section 40051. - Loan applicants must demonstrate the ability to repay the loan. - Loan amount may not exceed $3 million without Director approval. - Collateral is required. - Business and/or personal guarantees may be required based on financial ability to repay. - Significant permits approval is required before loan funding. Use of Funds: Private entities and nonprofit organizations can use loan funds for machinery/equipment, working capital, real estate purchase/leasehold improvements/capital improvements, and refinancing onerous debt. Local government entities can use loan funds for infrastructure and/or capital improvements in support of private entities and nonprofit organizations engaged in value-added processing or manufacturing using recycled materials. Project Eligibility Criteria: Eligible project types include waste prevention, reuse, recycling