LOS ANGELES, CA—Two California real estate projects have landed $7 million in financing from a new SBA loan program that doubles the allowable loan limit for borrowers who reduce energy consumption, according to locally-based Partner Energy, which acted as an adviser to the borrowers. Tony Liou, president of Partner Energy, explains that the SBA has amended its 504 loan program so that borrowers who reduce energy consumption by at least 10% or generate renewable energy may qualify for an SBA loan of up to $4 million, double the current maximum allowable amount.
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