Unlock Unlimited SBA 504 Loans by Going Green
The SBA 504 Green Loan is a specialized financing option for small businesses to facilitate environmentally sustainable initiatives. Under the U.S. Small Business Administration (SBA), this loan program offers favorable terms and incentives to encourage businesses to invest in energy-efficient projects and green technologies. This loan operates within the broader SBA 504 loan program, which provides long-term, fixed-rate financing for acquiring or improving commercial real estate and significant fixed assets.
Schedule a consultation with National Tax Group’s engineering team and discover how energy modeling reports can greenlight your clients’ SBA 504 Green Loan claim.
Boost your business with green Initiatives with SBA 504 Green Loan. Contact us to get started.
Note: The US government recently removed the $16.5 million cap on SBA 504 Green Loans, ensuring more borrowers can access this funding to fuel their eco-friendly initiatives. Without the cap, Green Loan funding is now available for larger loans, including those for construction, acquisition, and renovation. The cap removal means there are no limits on the size of loans for each project and borrower.
The SBA Green Loan is a great opportunity for Solar Installers, SBA Loan Development Companies & Property Owners. Armed with a SBA-compliant energy modeling report, you can ensure that you and your clients can gain the necessary clearance to claim this loan.
What is an SBA 504 Green Loan?
An SBA 504 Green Loan is a financial tool that empowers businesses to invest in eco-friendly upgrades and expansions. In today’s environmentally conscious landscape, businesses increasingly seek ways to decrease their carbon footprint and work sustainably. A 504 Green Loan provides the means to achieve these goals by offering favorable terms and incentives for projects that promote energy efficiency, renewable energy adoption, and other environmentally friendly initiatives.
The SBA 504 Green Loan empowers businesses to invest in eco-friendly initiatives, driving operational efficiency while reducing environmental impact. By harnessing the power of this specialized loan program, businesses gain access to competitive financing options designed to catalyze growth without compromising environmental stewardship.
QUALIFYING FACTORS:
To be eligible for the SBA 504 Green Loan, there are two primary avenues:
- Generating over 15% of your energy on-site, often through solar panels installed on rooftops, properties, or carports;
- Or constructing a new building or retrofitting an existing one to consume at least 10% less energy than your current usage. It’s crucial to clarify that the 10% reduction pertains specifically to energy consumption, not merely a decrease in utility costs.
Special Note for Solar Installers:
Due to the high competitiveness of the solar industry, having an SBA-compliant energy modeling report can greenlight your next client installation. With our report in hand, not only will you stand out from the competitors, but you and your client will have the ability to shop SBA servicers and find the best rates and terms for the project. Our engineering team has decades of combined experience, ensuring your energy reports check all standards.
Due to the enhanced nature of the loan program, it’s necessary that we connect as soon as possible so we can help you and your client secure funding and move to the next step of the claim process.
Saying Yes to Technical Precision, Economic Prosperity
A cornerstone of our approach at National Tax Group lies in our commitment to bridging the gap between technical precision and economic prosperity. Leveraging our expertise in energy consulting, we guide businesses in making informed choices that optimize resource utilization, enhance operational efficiency, and drive long-term profitability. From energy audits to comprehensive sustainability strategies, our consulting services are meticulously crafted to align with each client’s unique needs and aspirations.
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