I recently started an all electric boat rental business in Northeast Florida. I will only use non-polluting electric powered craft in my fleet. The marina owners are very happy with my eco-friendly approach to boat renting (they are already participating in the clean marina program) and so far so good.
Considering the relative small size of this community I'm able to pay the bills and make a small profit. I have only one boat so far but am looking to acquire another boat as business is slowly increasing. I am working to generate enough new business to be able to hire an employee or two.
My question is are there any programs (loans or grants) that are specifically targeted for green businesses? I am aware of the SBA and typical sources but don't have any idea if any of the new Obama green initiatives would apply to my situation. I would appreciate any advice or input any of you may have regarding this.
businessloandiv | Window Shopper |
3/23/2010 - 5:29 am
My name is Wendy Poole and I am with RP Mann, LLC. I saw that you have an electric boat rental busines were looking for funding. We have a USDA guaranteed business loan program that may help service your clients looking for 2.5M to 20M. We've closed several of these in the past six months. These loans will work for any small to medium size business that will keep or save jobs or enhance local communities. We have a prepared attachment that I would be glad to send at your request. Sincerely, Wendy L PooleDiligence DirectorR P Mann & Associates, LLC
My name is Wendy Poole and I am with RP Mann, LLC. I saw that you have an electric boat rental busines were looking for funding. We have a USDA guaranteed business loan program that may help service your clients looking for 2.5M to 20M. We've closed several of these in the past six months. These loans will work for any small to medium size business that will keep or save jobs or enhance local communities. We have a prepared attachment that I would be glad to send at your request. Sincerely, Wendy L PooleDiligence DirectorR P Mann & Associates, LLC
businessloandiv | Window Shopper |
3/23/2010 - 5:28 am
My name is Wendy Poole and the name of the company I represent is RP Mann & Associates, LLC. We represent numerous business loan programs some of which are guaranteed by the US Government and we are direct to several investment firms that do both loans and invest in these green technology opportunities. Perhaps we can work together. We are direct to the bankers that offer these loans and we have the banks in place that loan versus these guarantees.
Please contact me if you would be interested in working together in the future. I have a professionally prepared attachment detailing the program that I would be happy to send at your request.
Sincerely,
Wendy L Poole
Diligence Director
RP Mann & Associates
My name is Wendy Poole and the name of the company I represent is RP Mann & Associates, LLC. We represent numerous business loan programs some of which are guaranteed by the US Government and we are direct to several investment firms that do both loans and invest in these green technology opportunities. Perhaps we can work together. We are direct to the bankers that offer these loans and we have the banks in place that loan versus these guarantees.
Please contact me if you would be interested in working together in the future. I have a professionally prepared attachment detailing the program that I would be happy to send at your request.
Sincerely,
Wendy L Poole
Diligence Director
RP Mann & Associates
I don't think you will find many grant options for 'for-profit' businesses. Most of the Obama initiatives are for home owners, non-profits, or community governments.
There are SBA programs that can help you. These are underwritten by the bank - thus you still must meet most of the banks requirements like great credit, down payment and significant income to (past income) to service the loan.
There are also non-bank equipment lenders that could help you. They finance 100% - and do not have all the requirements that most banks do. They deal with start-ups and can also provide a little working capital with their equipment loans.
Lastly, you can always ask the marina owners if they would be able to help you finance additional boats.
Watts-New -
Congratulations on the success of your new boat rental business! Because you decided to go the environmentally friendly route, you will have several financing opportunities that are not available to general businesses.
Check out Business.gov's page on Green Business Financing. You'll find information on federal grants, loans, and tax incentives that are currently available for green businesses.
Sometimes it is easier to find funding on a state or local level so try looking through the State and Local section on green business. Florida has information from its state government offices that deal with the environment and energy efficiency.
Good luck and I hope you'll continue your success in business and helping the environment! Please continue to use the community to share your experience and any future issues.
I don't think you will find many grant options for 'for-profit' businesses. Most of the Obama initiatives are for home owners, non-profits, or community governments.
There are SBA programs that can help you. These are underwritten by the bank - thus you still must meet most of the banks requirements like great credit, down payment and significant income to (past income) to service the loan.
There are also non-bank equipment lenders that could help you. They finance 100% - and do not have all the requirements that most banks do. They deal with start-ups and can also provide a little working capital with their equipment loans.
Lastly, you can always ask the marina owners if they would be able to help you finance additional boats.
Watts-New -
Congratulations on the success of your new boat rental business! Because you decided to go the environmentally friendly route, you will have several financing opportunities that are not available to general businesses.
Check out Business.gov's page on Green Business Financing. You'll find information on federal grants, loans, and tax incentives that are currently available for green businesses.
Sometimes it is easier to find funding on a state or local level so try looking through the State and Local section on green business. Florida has information from its state government offices that deal with the environment and energy efficiency.
Good luck and I hope you'll continue your success in business and helping the environment! Please continue to use the community to share your experience and any future issues.
businessloandiv | Window Shopper | 3/23/2010 - 5:29 am
businessloandiv | Window Shopper | 7/1/2009 - 5:09 pm
businessloandiv | Window Shopper | 3/23/2010 - 5:28 am
businessloandiv | Window Shopper | 7/1/2009 - 5:16 pm
phanio | Contributor | 3/23/2010 - 5:28 am
JamieD | Former Moderator | 3/23/2010 - 5:28 am
phanio | Contributor | 6/29/2009 - 10:29 am
JamieD | Former Moderator | 6/29/2009 - 9:37 am
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