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The information provided by these calculators is for illustrative purposes only and accuracy is not guaranteed. The default figures shown are hypothetical and may not be applicable to your individual situation. Be sure to consult a BLP financial professional prior to relying on the results.

This calculator does not have the ability to pre-qualify you for any loan program. Qualification for loan programs may require additional information such as credit scores and cash reserves which is not gathered in this calculator. Information such as interest rates and pricing are subject to change at any time and without notice. This calculator does not calculate the Annual Percentage Rate or Average Prime Offer Rates. BLP does not guarantee any of the information obtained by this calculator.

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Go Green and Save Big

Small businesses looking to grow and expand their operations through the purchase or construction of commercial real estate and “go green” can qualify for as much as $5.5 million SBA 504 financing (up to 40% of total project costs) under the Energy Public Policy Goal, offered through Business Lending Partners.

 

There is no limit on the number of SBA 504 green projects allowed to each borrower, unlike the “regular” SBA loan whose maximum eligibility limits is $5 million per borrower and all of its affiliates including all 7 (a) and 504 loans. This means businesses that previously reached their SBA maximum limits have the ability to receive additional loans under the SBA’s Energy Public Policy Goals

Benefits of the SBA Green 504 loan program include
  • As little as 10% equity injection
  • Up to $5.5 million SBA 2nd mortgage portion per project with no maximum total project limit
  • Ability to finance multiple SBA Green 504 projects
  • SBA 504 financing have competitive, fixed interest rates and 10- to 20- year amortization
  • The usual SBA’s job creation/retention requirements can be waived
  • Project-related fees and soft costs can be financed in the loan
Businesses need only to meet one of the following goals to qualify for the SBA Green 504 Loan

Acquisition or construction of a replacement facility or retrofit of a currently owner-occupied or leased existing facility with energy saving technologies. Examples include improved insulation, lighting, HVAC systems, and energy efficient windows, etc.

Upgrades to plant, equipment and process that produce at least 10% renewable energy sources used to run a facility or renewable fuel producers, including bio-diesel and ethanol producers. Examples include installation of solar power, wind power, hydropower, biodiesel, ocean thermal, etc.

If historical energy consumption records for the property are not available, a project can qualify if it is built or retrofitted using LEED certification standards through the completion of upgrades (qualify for maximum $5 million per project). Sustainable Design or LEED certification do not by themselves qualify a building for the program.

Contact Us with your business financing needs

Carolyn Engel
Carolyn Engel
Business Finance Manager
Carolyn has been with BLP for over 20 years. Carolyn oversees business operations, various loan programs, screening applicants for eligibility and loan processing.
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