When it comes to financing a green energy project, many companies are finding the process to be more difficult than anticipated. Less than a third of companies applying to a U.S. green energy loan program are able to navigate a complex credit review process, with the Leawood-based firm leveraging the Schultz Family Foundation’s Entrepreneurs Equity Fund investment to make the process easier. With interest rates lower, these caps are inexpensive hedges against the fluctuating interest on their short-term loans.
The U.S. Small Business Administration (SBA) is offering help to those in Western New York who need it after a blizzard hit the area just before Christmas. Through the new initiative, the SBA will provide low-interest loans to individuals and businesses affected by the storm. The funds can be used to cover lost revenue, repair damages and replace lost inventory.
Global venture capital firm Bessemer Venture Partners has declared that fintech lending is no longer attractive, and that the payments business model is what’s driving the industry forward. With consumer demand for digital payments increasing, the company believes that this will be the future of the industry.