Interest rates for a state loan program for companies that make investments in energy efficient technology have been reduced to 2 percent.

Pathway Lending, a commercial lending company that runs the program, has reduced the interest rates on five-year loans. Ten-year loans for renewable energy projects will continue to have interest rates of five percent.

Pathway also announced that its loan application process has been streamlined and its approval times have declined.

Since the program was launched, it’s provided $10 million in funding for more than 50  businesses, Pathway CEO Clint Gwin said in a release.