Umpqua Bank is expanding its GreenStreet lending program to businesses. The program offers loans for energy efficiency and renewable energy upgrades.
The two loan types offered are:
The GreenStreet commercial real estate loan is for amounts of $5,000 to $1 million. The term of the loan is up to 15 years, re-amortized every five years and is granted for energy solutions and solar energy.
The GreenStreet business improvement term loan is for amounts of $5,000 to $500,000. The term is up to seven years and the loan is also for energy solutions and solar energy.
Read more at Sustainable Business Oregon.