Achieved Energy Goal!

Thank you to our Lending Partner on this Project:

Founded almost 40 years ago, Kiddie Academy is an educational childcare center located in Seattle, Washington. Their mission is to shape, fuel, and nurture children’s natural curiosity.

When Kiddie Academy was provided with the opportunity to buy the building that they were leasing in Seattle, they turned to NWBDA and the SBA 504 Loan Program to purchase the land, the building, and make building improvements. Kiddie Academy was able to significantly lower their monthly building payment because of the low interest rate and the long loan term offered by the 504 program.

They were also able to utilize the SBA 504 Program’s Energy Public Policy goal by replacing the building’s HVAC system and providing an efficiency report that demonstrated an energy savings of at least 10%. Having these energy savings waived the job requirement for the 504 program, although they still plan to hire 10 new employees, and also increased the 504 loan amount cap.

Now, Kiddie Academy is able to focus on growing their small business and providing excellent childcare services to the people of Seattle.

Visit their website: https://kiddieacademy.com/academies/seattle-at-queen-anne/

About the Energy Public Policy Goal:

Go Green with the SBA 504 Loan Program!

Reduce by 10%:

Reduce existing energy consumption by at least 10%
or retrofit your existing facility to reduce the
energy consumption by 10%

OR

Renew by 15%:

Upgrade with a renewable energy sources such as a
micro power system, or a renewable fuel producers.
Common technologies include Solar PV, Solar
Thermal or Ground Source Heat Pumps.

Benefits:

Borrowers who meet the Energy Public Policy Goal can:

• increase per project limit by $500,000 for a total of $5.5 million per project, and
• may raise the total outstanding debenture cap from $5 million to $16.5 million by achieving green status on each new project, and
• the SBA job creation requirement will be waived.

Learn More: http://ow.ly/8gmc50HkAkQ