The Small Business Administration offers 504 fixed asset loans to entrepreneurs and small businesses looking to secure funding for the purchase or construction of real estate and/or the purchase of business equipment/machinery.
If you are ready to grow, but need more capital, it is time to consider pursuing an SBA 504 Green Loan and add an extra 1/2 million of lending to each of your SBA project loans. With Green Loans, one owner can go for multiple loans.
In order to qualify for an SBA 504 Green Loan, which seeks to meet Energy Public Policy Goals, an organization must prove it meets one of the following requirements:
a. A 10% reduction in existing energy consumption (this cannot apply to a startup business, however, an existing business buying a building may be eligible if the new location uses at least 10% less energy than the prior location);
b. Installation or upgrade of renewable energy sources at the property. This can include onsite solar or wind production, or utilization of renewable fuel such as ethanol or biodiesel. Once installed, at least 10% of the building’s total energy must be derived from these renewable sources
Level One Energy Consumption Analysis
Analysis of Existing Energy bills and scheduled energy reduction measures. Option best for organizations which plan to install measures which they are certain will do reduce energy by 10% and need a SBA 504 compliant report. Click here for pricing.
Level Two Analysis Energy Audit
Analysis of Existing Energy bills, scheduled energy reduction measures, and recommendations to reduce energy. Option best for organizations which do not know the magnitude of their property improvements and need a SBA 504 compliant report. Click here for pricing.
Renewable Energy Analysis
Analysis of energy consumption and proposed Renewable Energy System. Option best for organizations which have a renewable system picked out and need a SBA 504 compliant report. Click here for pricing.
Renewable Energy Design
Analysis of energy consumption and design of a Renewable Energy System to meet SBA 504 requirements. Option best for organizations which desire to pursue have a renewable system, need help designing system and need a SBA 504 compliant report. Click here for pricing.