Live Oak Bank Surpasses $500 Million in Renewable Energy Loans
Live Oak is the largest USDA Rural Energy for America (REAP) lender in the nation and the second largest USDA Business and Industry Program Lender in 2017, according to data from the USDA, and made its first renewable energy loan in 2016.
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“After only a year and a half since closing our first loan, it is inspiring to have passed the $500 million mark of lending to renewable energy project developers,” said Blanchard. “Being part of the renewable energy movement gives us great pride. Our business model and dedicated team, who only specialize in this industry, are committed to helping project developers continue to grow their portfolios and ultimately impact the world.”
The volume of loans signifies Live Oak’s expertise and dedication to the renewable energy industry. Live Oak’s renewable energy financing team is focused on loans for solar, storage and various other technologies nationwide, offering solar project developers and their tax equity partners a first-class lending experience.
To learn more about Live Oak Bank and renewable energy financing, visit www.liveoakbank.com/renewable.
Source: Live Oak Bancshares, Inc.