White House Races to Lend Billions in Climate Funds Before Election | Loan office got $400 billion windfall but has been slow to complete deals
White House Races to Lend Billions in Climate Funds Before Election | Loan office got $400 billion windfall but has been slow to complete deals
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Screenshot of the key graph from the article:
Is this a matter of companies making it through a vetting proccess before they are given the loan? What is the hold up?
Yea from the article it's pretty much just that it's hard to go through the process of getting approved to get the loan and proving that it's worthwhile to the government.
"One hang-up has been a requirement that companies get funding from private investors before the loans can go out. The program’s rigorous due-diligence process, higher interest rates and slowing growth in electric-car sales have made it harder to get deals done."