Expanding Financing to Support Small Businesses’ Adoption of Clean Energy
![Expanding Financing to Support Small Businesses’ Adoption of Clean Energy Expanding Financing to Support Small Businesses’ Adoption of Clean Energy](https://chambermaster.blob.core.windows.net/images/customers/64/blogposts/39236/WI-Economic-Development.png)
The Small Business Administration’s 504 Loan Program provides long-term, fixed rate loans of up to $5.5 million from Small Business Administration-approved lenders to small businesses to support capital expenditures such as real estate or equipment. The Small Business Administration lifted its cap on the number of 504 loans that small businesses may receive for “energy public policy projects,” which include projects that reduce energy consumption such as retrofits and/or renewable energy projects such as adding solar. In lifting this cap, small businesses may now bundle multiple 504 loans to finance projects that leverage clean energy technologies to lower production costs, improve energy efficiency, and contribute to emissions reductions goals.