Seminole Financial Services ("SFS"), a leading finance provider in the renewable energy space, is celebrating over $1.48 billion in financing of solar and wind installations throughout the United States, equaling more than 770 megawatts (MW) in installed capacity.
Expanding its "One-Stop Shop" capabilities to better serve the needs of its customers, SFS is now also an approved lender under the USDA Rural Energy for America (REAP) Loan Program. In addition to providing construction loans, mini-perm loans, development loans, and tax credit equity, SFS now has the ability to close long-term debt through the USDA REAP Loan Guarantee Program.
"This is an incredible milestone of which we are very proud. We are truly happy for the opportunity to have helped our borrowers make an impact on the renewable energy sector," stated SFS CEO Robert J. Banks. This major milestone comes nine years after the company launched its services in 2009. Since its inception, SFS has financed over 230 renewable energy transactions in the continental United States and Hawaii. Recent closings include small scale utility solar projects, distributed wind, and 50+ community solar projects.
SFS provides borrowers with both the quantitative analysis and transitional tools necessary for continued success in the constantly evolving realm of renewable energy financing.
