Businesses

Financing Improvements

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Financing Options for Businesses

ACCION USA

Accion offers small business loans for both green businesses and energy efficiency projects. The organization will guarantee its lowest interest rate (8.99 percent) for loans used for energy efficiency investments or to provide a green product or service.  The maximum loan amount is $50,000 with a five-year term.

Contact Information
Website: Accion
Phone: 617-616-1582

BOSTONIA PARTNERS, LLC

Bostonia has established Bostonia Clean Energy Finance, LLC to provide funding for businesses, governments, and non-profit institutions taking part in clean energy projects. Bostonia will arrange financing at the optimal price for borrowers.
Contact Information
Website: Bostonia

CAMBRIDGE SAVINGS BANK

Cambridge Savings Bank offers affordable fixed-rate term loans of up to five years and lines of credit. Visit the bank’s website or stop by your local banking center.

Contact Information
Website: Cambridge Savings Bank
Phone: 617-234-7250
Central Square Branch: 630 Massachusetts Avenue
Harvard Square Branch: 1374 Massachusetts Avenue
Inman Square Branch: 1378 Cambridge Street

MASS DEVELOPMENT

MassDevelopment’s Green Loan program offers loans from $50,000-$100,000 to non-profit organizations and businesses. Loans are intended to help bridge the gap between project costs and utility rebates or subsidies. Businesses must have been in existence for at least five years and demonstrate ability to repay the loan. Potential borrowers must first complete an application for an energy efficiency program rebate through Mass Save.

Contact Information
Website: MassDevelopment

NEW GENERATION ENERGY

New Generation Energy (NGE) offers low-interest loans to small businesses and non-profit organizations through its Community Lending Program (CLP). Typical CLP loans are in the range of $10,000 to $50,000 at a five percent interest rate, and have terms of one to five years. Primary funding areas for the CLP program include community-scale solar projects and food service energy efficiency improvements, but other projects that support the program’s mission to create healthy and sustainable communities qualify.

Contact Information
Website: New Generation Energy

Financing Options for Non-Profit Organizations

ACCION USA

Accion offers loans for both green businesses and energy efficiency projects. The organization will guarantee its lowest interest rate (8.99%) for loans used for energy efficiency investments or to provide a green product or service.  The maximum loan amount is $50,000 with a five-year term.

Contact Information
Website: Accion
Phone: 617-616-1582

BOSTON COMMUNITY CAPITAL

Boston Community Capital’s Loan Fund supports the development of energy efficient affordable housing. In addition, BCC’s Solar Energy Advantage (SEA) program develops fixed-price power purchasing agreements for affordable housing projects. The SEA initiative has made Boston Community Capital the largest non-utility owner of Solar PV systems in Massachusetts.

BOSTONIA PARTNERS, LLC

Bostonia has established Bostonia Clean Energy Finance, LLC to provide funding for businesses, governments, and non-profit institutions taking part in clean energy projects. Bostonia will arrange financing at the optimal price for borrowers.

Contact Information
Website: Bostonia

MASS DEVELOPMENT

MassDevelopment’s Green Loan program offers loans from $50,000-$100,000 to non-profit organizations and businesses. Loans are intended to help bridge the gap between project costs and utility rebates or subsidies. Businesses must have been in existence for at least five years and demonstrate ability to repay the loan. Potential borrowers must first complete an application for an energy efficiency program rebate through Mass Save.

Contact Information
Website: MassDevelopment

NEW GENERATION ENERGY

New Generation Energy offers low-interest loans to small businesses and non-profit organizations through its Community Lending Program. Typical CLP loans are in the range of $10,000 to $50,000 at a five percent interest rate, and have terms of one to five years. Primary funding areas for the CLP program include community-scale solar projects and food service energy efficiency improvements, but other projects that support the program’s mission to create healthy and sustainable communities qualify.

Contact Information
Website: New Generation Energy





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