SBA Green Loan Program

Grow Your Business in the Waterfront District! Our Green Loan Program has already loaned $130,000 to small businesses in the Waterfront District. Are you interested in a loan? Please contact us at 401-435-7530 for more information.

The US Small Business Administration has provided funds to the Waterfront Commission for loans to businesses for the following “green” activities:

  • Energy-efficient appliances
  • Increased efficiency HVAC, heat pumps, and geothermal energy
  • Energy-efficient doors, windows, skylights and renovations
  • Increased insulation
  • Wind and solar power, energy-efficient power and light bulbs
  • Retro-fitting for sustainable utilities
  • Attainment of LEED certification
  • Fabrication of energy-saving products

Waterfront District/SBA Green Loan Program information:

  • Provides low-interest loans for either commercial or industrial businesses to finance the acquisition, construction and improvements of land or buildings; and for the purchase of capital equipment.
  • Fills a gap in the amount needed by businesses and the amount available through conventional loan programs
  • Is available to businesses currently located in or relocating to East Providence
  • Provides funding from $10,000 to $75,000, at a variable rate adjusted annually
  • Will have an interest rate of 20% below prime with the prime rate established at the date of closing (with a floor of 3%) and adjusted annually on the anniversary of the date of closing
  • Stipulates a maximum payback term of 7 years
  • Has an annual service fee on 1% of the loan balance

All SBA Loan recipients must comply with all City codes, licensing requirements, and regulations!

SBA Green Loan Application

Download the SBA Green Loan Application today.

SBA Loan Program Information

Learn more about the SBA Loan Program.