Small businesses that need to expand, but want to save money in the process need look no further than SBA “green energy” financing.
The SBA Green 504 loan allows small business owners to buy a building priced at a few hundred thousand dollars up to over $20 million. By committing to install green features such as energy-efficient lighting, heating/air conditioning systems and other interventions that reduce energy use by at least 10 percent, the small business can gain access to 20-year fixed-rate financing and save money over the long haul.
An entrepreneur whose business produces renewable energy such as wind, solar, biomass, hydropower or geothermal can also qualify for SBA Green 504 financing.
“The SBA Green 504 loan allowed us to buy our building, save energy and save money,” said Carlos Herrera, owner of Interior Removal Specialist in Los Angeles. “By adding energy-efficient lighting, HVAC and other retrofits, we’ve saved about $11,000 a year which has helped us to further grow the company.”
SBA-504 fixed-rate loans require only a 10 percent down-payment from the small business owner. finance
For more information about an SBA Green Energy loan, click on Green Energy Loan. Or here’s the Green Financing Infographic. Small business owners can find out if they qualify by contacting CDC Small Business Finance at 800.611.5170 or by using CDC’s Prequalify Today tool.