SBA Administrator Guzman, Senator Markey Unveil Green Lending Initiative
23 Julio 2024 - 9:26AM
READOUT
PRESS OFFICEAdvisory Date: July 23,
2024
Contact: Press_Office@sba.gov Advisory Number:
RO24-37
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SBA Administrator Guzman, Senator Markey
Unveil Green Lending InitiativeAdministrator Guzman,
Senator Markey Announce New Program to Help Raise Capital for Small
Businesses Leading the Clean Energy Transition
BOSTON – On Monday, July 22, Administrator Isabel
Casillas Guzman, head of the U.S. Small Business
Administration (SBA) and the voice in President
Biden’s Cabinet for America’s more than 33 million small
businesses, traveled to Boston alongside U.S. Senator Ed Markey,
member of the Senate Committee on Small Business and
Entrepreneurship, to highlight the impact of Inflation Reduction
Act investments in community energy projects and to introduce a new
SBA initiative to attract additional private capital to support
small business investments in the clean energy transition.
In the morning, Administrator Guzman toured Team Sunshine, a
local solar, roofing, and HVAC installation company that has
received SBA support. The Administrator met with the company’s four
owners and heard firsthand about the revenue growth opportunities
created for their business by the Biden-Harris Administration’s
Inflation Reduction Act.
Administrator Guzman then traveled to Indigo Block, a
mixed-income housing development in Dorchester, Massachusetts where
she was joined by U.S. Senator Ed Markey, Boston’s Chief Climate
Officer Brian Swett, Resonant Energy CEO Isaac Baker, and
Dorchester Bay Economic Development Corporation CEO Kimberly Lyle.
At Indigo Block, the leaders viewed Resonant Energy’s rooftop solar
installation, which saves the residential rental portion of Indigo
Block approximately $700-$1,300 per month on electricity costs.
Following the tour, Administrator Guzman hosted a press
conference to formally announce the SBA’s new Green Lending
Initiative to enroll additional climate lenders in the SBA’s loan
programs. The initiative will employ SBA loan guarantees to attract
additional private capital in support of clean energy investments
spurred by President Biden’s Inflation Reduction Act.
To conclude the day, Administrator Guzman and Senator Markey
hosted a Climate Finance and Innovation Roundtable at MIT’s Engine
Accelerator where they discussed federal investments in climate
innovation that will power America’s clean energy future.
For follow up interviews with Administrator Guzman, please reach
out to Teddy Lake at theodora.lake@sba.gov.
Christine Saah Nazer
U.S. Small Business Administration
202-756-0304
christine.saahnazer@sba.gov