Mar 25, 2021
My guest today Dana Weiss 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
use one of three green 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.
Sustainable Design Goal. Borrowers can design and build their
facility according to sustainable design standards, typically LEED.
(While this goal allows the borrower to waive the job creation
goal, it does not carry the financial benefits of the first two
goal.)
Benefits for SBA 504 Borrowers implementing energy projects:
Increasing the loan amount by up to $500,000 for a total $5.5
million per project limit;
Having cumulative debentures outstanding greater than $5 million
and up to $16.5 million by achieving green status on each new
project; and,
Waiving the job creation goal.
If you are looking for some guidance on what financing options
might be the best fit, schedule a call today https://calendly.com/beaueckstein/15-minute-meeting-sbaexchange
If you'd like to meet with Beau to talk financing, book a
call here
( http://bookwithbeau.com/ )