The Small Business Administration expands clean energy loan program

LIVE RADAR: Tropical Storm Debby could bring flash flooding to Georgia, CarolinasFind Insider Deals for items perfect around the house and on the goFILE - Brian Hoeppner, right, and Nicholas Hartnett, owner of Pure Power Solar, install a solar panel on the roof of a home in Frankfort, Ky., July 17, 2023. – The Small Business Administration is looking to attract lenders to finance small businesses’ clean energy projects.

The SBA doesn't give out loans itself. Instead, it works with lenders to offer small businesses loans that often carry lower interest rates than traditional loans.ranging from hyperlocal microlenders to nationally oriented financial institutions.

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. The new initiative will help more mission-driven climate lenders leverage the SBA federal loan guarantee programs to fund the clean energy transition, she added.

Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

The Small Business Administration expands clean energy loan programThe Small Business Administration is looking to attract lenders to finance small businesses' clean energy projects. It's targeting lenders ranging from hyperlocal microlenders to nationally oriented financial institutions. Microlenders offer loans up to $50,000.
La source: AP - 🏆 728. / 51 Lire la suite »

Berkeley small business donated uniforms to Ukrainian OlympiansA small business out of Berkeley designing gymnastics uniforms is going out of its way to show support for Ukrainian Olympians by donating uniforms.
La source: KTVU - 🏆 465. / 53 Lire la suite »

Minimum wage debate pits small business survival against workers needed paySeattle City Councilmember Joy Hollingsworth renewed the battle over minimum wage by introducing a new proposal Tuesday.
La source: Mynorthwest - 🏆 438. / 53 Lire la suite »

Small Business Owners Voice Opposition to Durbin-Marshall Credit Card MandatesSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
La source: BreitbartNews - 🏆 610. / 51 Lire la suite »

9 Tips On How To Get Funding To Start Your Small BusinessI’m Melissa Houston, the author of Cash Confident: An Entrepreneur's Guide to Creating a Profitable Business and the passionate founder of She Means Profit. I believe that the world needs more wealth in the hands of women. Business ownership is a transformative tool that allows women to build wealth on their own terms.
La source: ForbesWomen - 🏆 477. / 51 Lire la suite »