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How to Get More than funds from the SBA under the 504 Green Program- 16.5m Cumulative
The SBA 504 Green Program is an awesome secret weapon for securing high-leverage financing for growing businesses. It works for ground-up construction projects, business expansion, and acquisitions. The SBA 504 is a versatile tool for storage unit development, hospitality, assisted living and many other owner-user type projects.
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
Waiving the job creation goal