The Small Business Administration expands clean energy loan program

NEW YORK — The Small Business Administration is looking to attract lenders to finance small businesses’ clean energy projects.

New applications for CA SBLCs will be accepted soon. The SBA is increasing the cap for loans from active CA SBLCs to $500,000 from $350,000. And it is introducing an application process where the CA SBLCs can apply to offer even bigger loans -- up to $2 million to finance climate-related projects.“Small businesses and homes account for more than one-third of U.S. emissions, so it is vital that they are part of the solution" said SBA Administrator Isabel Guzman.

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