The Closed Loop Circular Plastics Fund accepts applications on a rolling basis and provides flexible financing for circular economy infrastructure, technologies and companies that advance the recovery and recycling of plastics in the U.S. and Canada.
Eligible Recipients:
TBA
Eligible Projects:
Applications are evaluated based on the following criteria:
- Project must be based in the U.S. or Canada
- Greenhouse gas emissions reduced/avoided
- Mass of materials impacted (e.g., diverted from disposal, recovered for recycling, incorporated into new products, etc.)
- Applicant’s ability to repay (for debt financing)
- Replicability and scalability of the project or model
- Amount of increase in access to or participation in recycling
- Ability for the applicant and/or project to leverage additional sources of capital
Funding Source:
Closed Loop Partners
Funding Amount:
We provide catalytic financing to municipalities, private companies and non-profit organizations. As an impact-first investor, we offer a diverse range of financing alternatives. Our financial product offering includes:
- Debt-based
- Bridge loans
- Secured loans
- Unsecured loans
- Revolving credit facilities
- Asset based loans
- Venture debt
- Hybrid
- Mezzanine debt
- Equity, as a follow-on to a lead equity investor
- Average investment period: 3 to 5 years (excluding bridge loans)
- Minimum investment size: $1 million
Funding Deadline:
Applications accepted on a rolling basis
Contact:
Apply on website
More Information:
https://www.closedlooppartners.com/closed-loop-circular-plastics-fund-apply-for-funding/