SBA Removes $16.5 Million Cap On 504 Green Loan
The U.S. Small Business Administration has expanded the SBA 504 Green Loan Program! Now, there’s no limit on the number or total amount of Green Loans available for your projects. This is an incredible chance for small and mid-sized businesses to integrate energy-efficient solutions or renewable energy technologies into their commercial properties. Benefit from below-market interest rates and long-term fixed financing.
What is the SBA 504 Green Loan?
The SBA 504 Green Loan program offers loans for commercial real estate to small firms who want to expand. The SBA provides up to $5.5 million in funding for each project through the SBA 504 Green Loan. Multiple SBA 504 Green Loans, each with a limit of $5.5 million and a potential total of $16.5 million in SBA financing, are available to small firms. Although individual projects might cost more than $16.5 million, bear in mind that SBA Green financing has a total maximum.