Greenleaf Biofuels Announces Closing of Full Project Funding

Greenleaf Biofuels LLC says it has closed on project funding with Sovereign Bank for its initial 10 million gal/year multi-feedstock biodiesel plant in New Haven, Conn.

The company notes that the Connecticut Community Investment Corp. (CTCIC), in conjunction with the Small Business Administration's 504 program, will assume almost half of the Sovereign term loan once the plant is operational. Sovereign and CTCIC join the State of Connecticut Department of Economic and Community Development and Advantage Capital Partners/Ironwood Capital as financial supporters of the project.

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