Program Provides Financing for Commercial Energy Saving
Improvements and Solar Power
PORTLAND, Ore.--(BUSINESS WIRE)--
Bank, a subsidiary of Umpqua Holdings Corporation (NASDAQ: UMPQ),
has expanded its GreenStreet
lending program to include products that provide businesses with energy
efficiency and renewable energy financing. GreenStreet products are
available at all Umpqua Bank lending locations in California, Nevada,
Oregon and Washington.
“Umpqua Bank built this GreenStreet Business lending program to match
increased market demand for innovative products that allow businesses to
invest in the future of their companies,” said Cort O’Haver, EVP of
commercial banking for Umpqua Bank. “Monetizing the value of energy
efficient improvements will allow companies to leverage energy efficient
and solar power technology, and we look forward to providing access to
smart, affordable financing.”
GreenStreet Lending New Commercial Loan Products
Umpqua Bank’s commercial GreenStreet
lending program offers two loan products that make it possible for
businesses to make energy-saving improvements and harness solar power. GreenStreet
commercial loan products have a reduced origination fee of .50 percent.
All other fees apply. Approved loans will receive the best available
price, no tier pricing.
The GreenStreet commercial real estate improvement loan is for
amounts of $5,000 to $250,000 or $250,001 to $1 million. The term of the
loan is up to 15 years, re-amortized every five years. The loan is for
energy solutions and solar energy.
The GreenStreet business improvement term loan is for amounts of
$5,000 to $250,000 or $250,001 to $500,000. The term is up to seven
years and the loan is also for energy solutions and solar energy.
Oregon businesses have had access to previous GreenStreet lending
programs and can now also take advantage of these new products.
For more information about Umpqua Bank’s GreenStreet Lending, go to: www.greenstreetloan.com
or visit any Umpqua
About Umpqua Bank
Bank, headquartered in Roseburg, Ore., is a subsidiary of Umpqua
Holdings Corporation (NASDAQ: UMPQ) with locations between San Francisco
and Seattle, along the Oregon and Northern California Coast, and in
Central Oregon and Northern Nevada. Umpqua Bank has been recognized for
its innovative customer experience and banking strategy by national
publications including The Wall Street Journal, The New York Times,
BusinessWeek, Fast Company, and CNBC. The company has been recognized
for the past five years in a row on FORTUNE magazine’s list of the
country’s “100 Best Companies to Work For.” Umpqua Holdings also owns a
retail brokerage subsidiary, Umpqua Investments, Inc., which offers
services through Umpqua Bank stores and in dedicated offices throughout
Oregon. Umpqua’s Wealth Management Division serves high net worth
individuals and nonprofits by providing customized financial solutions
and offerings. Umpqua Holdings Corporation is headquartered in Portland,
Ore. For more information, visit http://www.umpquabank.com.
Source: Umpqua Bank