Small businesses need access to capital in all Investor Owned Utilities service territories. On Bill Financing which Small Business California has brought to California is one way IOU’s can get capital to small businesses for energy retrofits.
This program allows small businesses to retrofit their businesses to reduce energy use and cost and it is paid for by a 0% loan from the utility.
According to Hank Ryan our Executive Director the results to date for the three IOU’s are:
San Diego Gas has over 450 OBF loans with only 3 defaults. Southern California Edison has since July1 booked over $1.5 in small business OBF projects. As of now according to the CPUC PG&E has 10 OBF loans in the hopper but none to small business.
PG&E clearly needs to do better and kudos to San Diego Gas.
On Tuesday after the election I will be talking to some reporters who want to know what small business thinks of the results of the Governors race.
Please give me your thoughts if Jerry Brown wins and conversely if Meg Whitman wins.
Small Business California
2311 Taraval Street
San Francisco, CA 94116