LPO provides loans to support the manufacture of eligible vehicles and qualifying components under the Advanced Technology Vehicles Manufacturing (ATVM) Loan Program, authorized by the Energy Independence and Security Act of 2007.
To date, the program has loaned $8 billion for projects that have supported the production of more than 4 million advanced technology vehicles.
LPO supports tribal investment in energy-related projects by providing direct loans or partial loan guarantees to federally recognized tribe, including Alaska Native village or regional or village corporations; or a Tribal Energy Development Organization (TEDO) that is wholly or substantially owned by a federally recognized Indian tribe or Alaska Native Corporation.
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