The U.S. Small Business Administration (SBA) and the U.S. Department of Energy (DOE) established the SBA 504 Green Loan Program to support small businesses in investing in energy-efficient building solutions, modernizing structures, reducing utility costs, and improving financial performance.
The SBA 504 Green Loan program is an excellent option for eligible businesses, serving as a catalyst to encourage small businesses to reduce their carbon footprint. There are considerable benefits and incentives for borrowers who invest in renewable energy initiatives.
Key Program Benefits:
To qualify, a project must result in either:
This program is most commonly utilized by businesses with multiple locations that are seeking SBA financing in excess of the standard $5 million limit. Common industries include hospitality, childcare, and industrial firms.
WHY SBA 504?
The SBA 504 program enables you to serve your current clients while also obtaining new prospects. Through this program, you can enhance your commercial financial portfolio, positioning your institution as an innovative and strategic partner for your clients.
BLP is a Certified Development Company (CDC) serving all of Wisconsin. As a financial partner, clients know they’re not just another number. Our partners benefit from having one contact – start to finish. Reduce risk, lend more, grow your portfolio!
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