The SBA recently announced that businesses may now qualify for up to $5.5 million on the SBA portion of a 504 loan (second mortgage, typically 40% of the total loan amount).
Reduce energy consumption by 10% or more:
OR generate renewable energy or renewable fuels:
There is still no limit on the amount of the bank’s portion of the loan (first mortgage), and therefore no maximum project size. In addition to reducing energy costs, the cost of these improvements can be financed into the total project cost, giving your business the additional benefit of long-term, fixed rate financing on these energy saving improvements.