Comments on: Biodiesel Maker Tries New Technology to Score Credit http://domesticfuel.com/2009/11/23/biodiesel-maker-tries-new-technology-to-score-credit/ Alternative Fuel News Sat, 20 Mar 2010 11:37:29 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: anonymous http://domesticfuel.com/2009/11/23/biodiesel-maker-tries-new-technology-to-score-credit/comment-page-1/#comment-117492 anonymous Tue, 24 Nov 2009 13:38:53 +0000 http://domesticfuel.com/?p=19433#comment-117492 “We can use U.S. Small Business Administration [loan guarantees],” Larson said. “It’s tough to find a bank to lend, because there are too many bad biodiesel and ethanol loans on their books. Ironically, the survivors are doing well because corn and soybean prices are down.” This is another flawed plan by the DOE. The DOE wants to mirror their loan guarantee program just like the SBA. The DOE has no idea that banks are totally shut down. The DOE loan guarantees are worthless if the banks are not willing to lend. The question is "Does the DOE really want the US to get off of foreign oil"? “We can use U.S. Small Business Administration [loan guarantees],” Larson said. “It’s tough to find a bank to lend, because there are too many bad biodiesel and ethanol loans on their books. Ironically, the survivors are doing well because corn and soybean prices are down.”

This is another flawed plan by the DOE. The DOE wants to mirror their loan guarantee program just like the SBA. The DOE has no idea that banks are totally shut down. The DOE loan guarantees are worthless if the banks are not willing to lend. The question is “Does the DOE really want the US to get off of foreign oil”?

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