Sentences with phrase «loan guarantees from»

In the Magnolia State, people are starting to refer to KiOR as the «Solyndra of the South» — a reference to the solar power company that did receive $ 536 in loan guarantees from the Department of Energy.

Solyndra had opened a $ 700 million manufacturing facility, received half a billion dollars in loan guarantees from the Department of Energy, and was publicly touted by President Obama.

Solyndra received more than $ 500 million in loan guarantees from the Department of Energy before filing for bankruptcy, putting 1,000 - plus workers out of their jobs.

Loan guarantees from the US government are a critical way for early stage companies to reduce their cost of capital for capital - intensive projects.

Brad Plumer of the Washington Post has filed a really nice, tight deconstruction of five myths being propagated in the wake of the failure of Solyndra, a solar company that received more than $ 500 million in fast - tracked loan guarantees from the Department of Energy and became a photo opp for President Obama last year.

-LRB-...) Solana and Mojave were both financed by the U.S. Federal Financing Bank, and received a combined $ 2.65 billion in loan guarantees from the U.S. Energy Department.»

He then won federal loan guarantees from the reluctant Republican administration of President Gerald Ford that secured the plan.

In return for the continuing illegal benefits, the defendants were involved in orchestrating a complex method to get Singh more than $ 20 million in indirect government loan guarantees from the Town of Oyster Bay, according to Eastern District federal prosecutors in court papers.

In addition, former town attorney Genova recently settled a civil suit brought by the Securities and Exchange Commission alleging he committed securities fraud for his role in assisting an unnamed town concessionaire in getting loan guarantees from the town, and then not telling investors about the situation.

At the same time in January, prosecutors revealed that Mei secretly had pleaded guilty in September 2015 to fraud for accepting $ 50,000 in checks and a $ 36,000 lease on a BMW for helping get an unnamed person get indirect loan guarantees from Oyster Bay.

Agnifilo also said Singh was introduced to de Blasio by lawyer Thomas Garry, who specializes in publicly financed economic - development projects and helped Singh obtain loan guarantees from Oyster Bay.

Singh was indicted in September 2015 on federal charges that include bribing a former Oyster Bay attorney to obtain loan guarantees from the town.

Mangano and former Oyster Bay Town Supervisor John Venditto were charged in October 2016 with conspiring to award hundreds of thousands of dollars in county contracts to restaurateur Harendra Singh — a 25 - year friend of Mangano and his wife, Linda — and helping him secure indirect loan guarantees from the town.

Prosecutors say the Manganos and Venditto were involved in a scheme to illegally get Singh Nassau County contracts as well as more than $ 20 million in indirect loan guarantees from Oyster Bay.

Singh previously has pleaded not guilty to a separate indictment involving charges of fraudulently obtaining the more than $ 20 million in indirect loan guarantees from Oyster Bay through bribery.

Sept. 23, 2015: Whistleblower Christopher Briggs, a former Oyster Bay constable, tells Newsday he gave Nassau District Attorney Kathleen Rice documents in 2013 suggesting that Singh secured illegal loan guarantees from Oyster Bay officials and arranged and paid for vacations for Mangano, but district attorney investigators never followed up on the information.

Gaebler lauded the law's language allowing the SBA to raise its loan guarantee from current levels to as much as 90 percent for some loans, but said «this latest, new rule negates some of those provisions and... doesn't offer much respect to the small business economy, especially when you consider the big role that small business plays in an economic recovery.»

The worst companies don't receive enough votes to stay in business, and they ultimately go under (but not before getting a $ 536 million loan guarantee from the Department of Energy).

Colorado - based Range Fuels received an $ 80 million loan guarantee from the USDA to help fund its refinery, which began production by making methanol instead of ethanol last year.

Obtain a working capital loan guarantee from either the Export - Import Bank of the United States (EXIM) or Small Business Administration (SBA).

A Colorado - based solar panel maker that received a $ 400 million loan guarantee from the Obama administration is set to file for bankruptcy, the latest setback for an industry battered by the recession and stiff competition from companies in China.

With a 90 % loan guarantee from the Small Business Association, Smith was finally able to begin rebuilding at the American Axle location last year.

Financing for the plant used a $ 900,000 loan guarantee from the U.S. Department of Agriculture, along with several state grants.

In 2011, 1366 received a $ 150 million loan guarantee from the U.S. Department of Energy to build a commercial - scale manufacturing facility.

In addition to charging its current customers $ 3.73 a month for the construction of this reactor until costs are recovered Southern received an $ 8.3 - billion loan guarantee from the federal government to help make up the cost difference compared with building a natural gas — fired turbine, for example.

On June 18, Southern Co. accepted a $ 3.4 - billion conditional loan guarantee from the U.S. Department of Energy for the twin Plant Vogtle reactors and continues early site construction.

When they made the announcement a year ago, it said essentially the same thing; that they had received an $ 80 million loan guarantee from USDA.

However, a handful of proposals, such as one from California company Fulcrum BioEnergy to build a plasma gasification facility outside Reno, Nev. — with the help of a $ 105 million loan guarantee from the U.S. Department of Agriculture — appear poised for completion within the next couple years.

The SBA Guaranteed Loan Purchase Program provides low interest rate loans to North Dakota businesses with bank financing which includes a loan guarantee from the US Small Business Administration.

The FSA (Farm Service Agency) Guaranteed Loan Purchase provides low interest rate loans to North Dakota farmers with bank financing that includes a loan guarantee from a federal government program.

Developer and owner SolarReserve LLC received a $ 737 million loan guarantee from the U.S. Department of Energy.

The move is a response to the same forces that drove Solyndra LLC into bankruptcy after it received a $ 535 million loan guarantee from the same U.S. Energy Department program, said Pavel Molchanov, an analyst at Raymond James & Associates Inc. in Houston.

Abengoa's Solana 250 MW (net) project in Arizona finalized its Loan Guarantee from the DOE, which will cover up to $ 1.45 B of the total $ 2.0 B in project cost.

The solar company in Fremont, California, that filed for Bankruptcy after receiving a $ 535 million loan guarantee from the Obama administration under dubious circumstances, hasn't even been auctioned off and already it's looking like we have another contender for a similar failure after receiving $ 1.2 billion in loan guarantees from the Obama administration.

Modular Rooftop Thin - Film Solar PV Panels Could Revolutionize Market Solyndra Gets $ 535 Million Loan Guarantee From Dept of Energy for New Solar Panel Facility

The Secretary of Agriculture last week told reporters that Range Fuels, a cellulosic company backed by Silicon Valley venture - capitalist Vinod Khosla, is likely to get a first - of - its - kind loan guarantee from the government later this month.

Principal Reduction: USDA proposes adding a principal reduction feature as a last resort to its existing foreclosure prevention techniques for loans guaranteed from January 1, 2001 through January 1, 2010.

Not exact matches

This 20 percent rule was started by the Small Business Administration, which requires a personal guarantee from all owners with at least 20 percent ownership applying for an SBA - backed loan.

The good news is, with the SBA loan program guarantee, even if you have inadequate collateral, you will still be able to obtain a loan from a private lender, provided there aren't more extensive concerns with your application.

The company has cash of $ 106 million, 514 employees — and a $ 465 million loan with loan guarantees it received from the Department of Energy on Jan. 21.

That effort largely focuses on reducing Energy Department spending energy subsidies and stopping the agency from issuing any more loan guarantees — the same program that funded Solyndra.

The much ballyhooed stipulations raised the maximum guarantee on SBA loans from 75 percent to 90 percent and temporarily eliminated fees tied to the loans.

Even if you have exceptional credit, the likelihood of receiving a startup loan or line of credit from a bank without personally guaranteeing it — which you should never ever do — is pretty much zero.

The SBA describes the program thusly: «Typically, a 504 project includes a loan secured with a senior lien from a private - sector lender covering up to 50 percent of the project cost, a loan secured with a junior lien from the CDC (a 100 percent SBA - guaranteed debenture) covering up to 40 percent of the cost, and a contribution of at least 10 percent equity from the small business being helped.

McClendon had used his interest in the Thunder to personally guarantee a loan from private investment firm Oaktree Capital Management LP to a subsidiary of AEP, according to a person familiar with the matter.

Fred Upton, a Republican congressman from Michigan and chairman of the Energy and Commerce Committee, put his finger on the larger issue facing governments worldwide at a recent hearing: «Was Solyndra just one bad bet by an administration rushing to claim credit for the first loan guarantee, or is it the tip of the iceberg?»

But the vendor liaison for Texas Guaranteed Student Loans, in Austin, Texas, was pleasantly surprised when the «class» turned out to entail watching a humorous online video about two guys from a bait - and - tackle shop transforming themselves into peak performers.

In order of preference, find a venture capitalist, an angel investor, a friend or family member who has enough assets to put some at risk, or a banker who will make a loan to the business without a personal guarantee from you.

If you see delegates from Spain, Greece or Portugal lying prone on the pavement, do not attempt to resuscitate them with cash infusions or loan guarantees.

WILMINGTON, Delaware (Reuters)- Solyndra LLC, a solar panel maker that received $ 535 million in federal loan guarantees, filed for bankruptcy, the third U.S. solar firm to succumb to pressure from Chinese rivals in recent weeks.