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- SBA 504 Green Loans
Partner Energy helps clients make informed decisions on how to execute energy projects that qualify for additional SBA 504 Green Loan proceeds and meet their business goals. Borrowers can pursue one of the following energy public policy goals to obtain the green loan benefits:
- Energy Reduction Goal. Borrowers relocating, replacing, or renovating an existing facility can demonstrate a 10% reduction in energy usage per square foot on their new facility when compared to the old location. Typically achieved through energy efficiency projects: lighting, HVAC, or envelope improvements.
- Energy Generation Goal. Borrowers can install a renewable energy system that generates at least 15% of their property’s whole building energy consumption. Typically achieved through renewable energy system technology: solar PV, solar thermal, or ground source heat pumps.
Benefits for SBA 504 Borrowers implementing energy projects:
- Borrow beyond the traditional $5 million borrower cap with no formal limit as long as projects achieve one energy public policy goal;
- Increase per project limit by $500,000 for a total of $5.5 million per project
- Sustainable Design (such as LEED certification), while encouraged by the SBA, does not alone contribute towards an increased borrower or project cap.
Partner Energy‘s SBA 504 loan services include:
- Recommending and estimating qualifying energy reduction or renewable power generation projects;
- Providing the required third-party engineering analysis and documentation, stating that your project meets the green loan program requirements; and/or,
- Supporting with bid procurement and implementation support of the energy reduction or renewable power generation project once your loan has been approved.