As the largest Rural Energy for America Program (REAP) lender in the nation, Live Oak Bank understands the importance of investments in renewable energy projects for the future of rural America.
The REAP loan program benefits rural American communities in the following ways:
- Projects in these areas provide local jobs for community members
- Decentralized, local sources of power mean less risk of outages and downtime in the surrounding area in the event of a hurricane or other natural disaster
- These projects allow a large number of farmers in rural communities to maintain and preserve their family farms
- The projects help to generate local tax income in these areas of the country
Watch the full video below to learn more about how our loan guarantee program is beneficial for all parties involved while also being fiscally responsible.
Here at Live Oak, we have a dedicated lending team who focuses solely on this industry. For more information on our lending programs and financing options for renewable energy projects around the country, visit our website.