The US SBA expands Clean Energy Loan Program, offering higher loan caps and larger loans for climate-related projects.

The US Small Business Administration (SBA) has expanded its Clean Energy Loan Program to attract more lenders and finance small businesses' clean energy projects. The SBA collaborates with lenders to offer loans with lower interest rates than traditional loans. The new initiatives include offering loans up to $50,000 through Certified Development Companies, increasing the cap for loans from active Community Advantage Small Business Lending Companies (CA SBLCs) to $500,000 from $350,000, and introducing an application process for CA SBLCs to offer larger loans, up to $2 million, for climate-related projects.

August 06, 2024
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