Luna Capital Launches Use of SBA Green Loans to Grow New Mexico Businesses
When businesses have maxed out conventional SBA funding at $5.5MM, SBA Green 504 loans allow borrowers to finance energy efficiency costs into a second mortgage, giving them the ability to finance larger projects with minimum equity
FOR IMMEDIATE RELEASE: September 21, 2018, Santa Fe, New Mexico—Luna Capital, a Santa Fe-based brokerage and real estate firm with a specialty in brokering funding for craft brewing businesses, medical dental practices and tourism businesses announces it is now implementing SBA Green 504 loans, which allow businesses that have maxed out conventional SBA borrowing at $5.5 million to apply for a second loan that increases their borrowing ability to over $10 million by building, renovating or buying energy efficient buildings and using renewable energy.