Small Business Financing
There are a number of financing options to help pay for energy-related improvements. Our Technical Energy Advisor can provide additional information on these options.
FINANCING OPTIONS
The Nonprofit Finance Fund is an organization dedicated to investing in community-focused nonprofits.
The Property Assessed Clean Energy (PACE) Financing is innovative financing that is transferable and can cover 100% of project costs. You may also be interested in market-based financing through local banks in your area.
The Revolving Loan Fund (RLF) provides access to capital as gap financing to enable small businesses to grow and generate new employment opportunities with competitive wages and benefits. Financing also helps retain jobs that might otherwise be lost, create wealth, and support minority and women-owned businesses.
NYSERDA’s Small Business Financing Program offers small business, including multifamily building owners, and not-for-profit organizations two loan options to finance energy efficiency and renewable energy projects. These financing opportunities provide access to upfront capital for energy efficiency and renewable energy upgrades that improve the energy efficiency and lower energy bills.
EDA provides Economic Adjustment Assistance grants to eligible recipients to capitalize or recapitalize lending programs that service businesses that cannot otherwise obtain traditional bank financing (and in limited situations to governmental entities for public infrastructure). These loans provide access to capital as gap financing to enable small businesses to grow and generate new employment opportunities with competitive wages and benefits. Financing also helps retain jobs that might otherwise be lost, create wealth, and support minority and women-owned businesses.