Business Assistance Resources

Financing

City of Seattle Energy Efficiency Financing:  The City of Seattle’s Office of Economic Development (OED) , with their lending partners, offers affordable loans to eligible businesses that can cover all of the cost of purchasing and installing energy efficient equipment.  With these upgrades, businesses can take advantage of improved profitability, upgrade old equipment, reduce operating costs, and create a comfortable, attractive customer environment.  These loans are designed to complement the Seattle City Light and Puget/Sound Energy rebate and incentive programs.  More information can be found here.

Green Community Initiative:  Businesses, community groups, nonprofits and government organizations can access low-interest financing for projects that conserve energy, water, and promote environmental sustainability through King County’s Green Communities Initiative-–the first program of its kind the state.  The first application reviews will take place on April 22, 2013.  The Green Community Initiative offers access to Qualified Energy Conservation Bond (QECB) financing for projects of over $1 million that provide energy and other environmental benefits in King County.  Financing takes place through WCTA member the Washington State Housing Finance Commission (WSHFC).  Interested parties can submit applications to King County.  King County sends qualified applications to the WSHFC, which works with Green Community Initiative applicants that meet eligibility criteria.  For projects under $1 million, King County will connect them directly with the WSHFC and non-QECB financing programs.  More information can be found here.

Overseas Private Investment Corporation (OPIC) helps U.S. businesses invest overseas, fosters economic development in new and emerging markets, complements the private sector in managing risks associated with foreign direct investment, and supports U.S. foreign policy.  Because OPIC charges market-based fees for its products and operates on a self-sustaining basis.  OPIC services are available for new and expanding business enterprises in more than 150 countries.  OPIC’s financing and political risk insurance help U.S. businesses of all sizes compete in emerging markets and meet the challenges of investing overseas when private sector support is not available.  Cleantech has been an area of emphasis.  For more information, contact Brian O’Hanlon, Director & Coordinator–Business Development, Insurance at 202.336.8474 or Brian.O’Hanlon@opic.gov.

Washington Economic Development Finance Authority (WEDFA) is an independent agency within the executive branch of state government.  WEDFA was created by the legislature to act as a financial conduit to businesses through the issuance of non-recourse revenue bonds.  WEDFA has the authority to issue these bonds on both a taxable and tax-exempt basis in support of qualifying projects–primarily manufacturing, processing, and waste disposal facilities.  WEDFA cannot assist retail projects.  WEDFA may be another possible financing source for capital including: Manufacturing, Processing, Production of alternate energy, Waste Disposal, Recycling, Water or sewage treatment, 501(c)(3) non-profit, Governmental.   (206) 587-5634.  Email: info@wedfa.org

 

 

 

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