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Unlike SBA 7(a) financing, the SBA 504 Green program does NOT have a maximum loan amount. You can finance multiple projects. A business may borrow up to $16.5 million from the SBA when energy efficiency requirements are met.
Other benefits & features of an SBA 504 Green loan:
As low as 15% down keeps your cash working to grow your business
Below-market FIXED interest rates with payments fully-amortized over 25 years
No balloon
Franchised or independent hotels qualify
Funds can be used for purchase, construction (including land), expansion, renovation, and equipment/furnishings
PACE Equity with Senior Debt
How Does C-PACE Work?
A property owner borrows money from a private lender to pay for a large-scale energy-efficiency project and makes the loan repayments using a portion of the project savings. The repayment is made in the form of a temporary assessment charge added to their property tax bill. Several types of energy conservation measures can be included in a C-PACE project, such as LED lighting, solar arrays, HVAC equipment, intelligent thermostats, building envelope solutions, and more.
How Is C-PACE Different From Other Financing Options?
One hundred percent of the hard and soft costs of the project are funded upfront by the loan, meaning building owners will enjoy DAY ONE savings on all C-PACE projects with no outlay of capital.
C-PACE loans last for the rated useful life of the installed equipment (often more than 20 years) allowing the cost of the project to be spread out over a longer period vs. a traditional loan.
In the event of a property sale, the tax assessment is automatically passed to the new owner, meaning the original borrower is not required to pay off the loan in advance of the sale.