March 16, 2018
Revere Bank Partners with Montgomery County Green Bank and Ascentium Capital on Commercial Loan for Energy Efficiency and Renewables (CLEER) Initiative
Revere Bank, along with Montgomery County Green Bank and Ascentium Capital LLC, recently announced the new lending program Commercial Loan for Energy Efficiency and Renewables (CLEER).
CLEER is aimed at supporting commercial and industrial businesses planning to make clean energy or energy efficiency upgrades to their properties in Montgomery County. Through CLEER, these lenders, commercial contractors and Montgomery County Green Bank will work together to bridge the financing gap for energy efficiency, solar PV and energy storage projects in office, retail, light industrial and multifamily rental properties that are not currently covered by existing programs.
Revere Bank Co-President and CEO Ken Cook on the program:
“Revere Bank is honored to be involved in this lending program and help both the local business community and building owners. Our participation in CLEER demonstrates our commitment to being environmentally responsible, minimizing our carbon footprint, creating jobs, and supporting our local economy.”