Our Partners and Lending Model

Climate Tech Finance is designed to be a responsive, efficient, and customer-oriented lending partner.

See how Climate Tech Finance is reducing greenhouse gases by increasing access to capital in the 2020 Impact Report.

Climate Tech Finance offers its products in partnership with the California Infrastructure and Economic Development Bank (IBank) and Northern California Financial Development Corporation (Nor-Cal FDC).

If you are a public organization:
If you are a private or nonprofit organization:
We lend to you directly
We help you get a loan from a private bank
You talk to us about your project, technology and growth plans
We review the technology
IBank reviews the financing
IBank approves the loan
We issue a loan guarantee of up to $2.5M or 90% of the loan amount and up to 7 years
Loan amount can be up to $30M, up to 30-year term
We can support loans of up to $20M
Lending rates vary based on size and term
Lending rates vary by project type and individual banks
Depending on your circumstances, money is ready for you in one to six months

For more information refer to our FAQs. Please contact our team with any questions.

About IBank

IBank was created in 1994 to finance public infrastructure and private development that promote a healthy climate for jobs, contribute to a strong economy and improve the quality of life in California communities. IBank has broad authority to issue tax-exempt and taxable revenue bonds, provide financing to public agencies, provide credit enhancements, acquire or lease facilities, leverage state and federal funds and provide loan guarantees and other credit enhancements to small businesses.

"IBank is proud of our partnership with the Air District and Nor-Cal FDC to provide financing for this type of game-changing project. There is a growing pipeline of impressive projects that can make a difference not only for California but can help set the innovation standard for communities around the world. We are working to ensure there are more great announcements to come."

Scott Wu, IBank’s Executive Director

About Nor-Cal FDC

Northern California Financial Development Corporation (Nor-Cal FDC), was founded in 1978 to assist businesses in obtaining financing. Nor-Cal FDC is a public benefit corporation licensed, chartered and regulated by the State of California and is part of the California IBank financing programs.

"We are honored to work with the Air District’s team of experts and bring to market innovative solutions that positively impact California’s climate. These entrepreneurs benefit greatly as we help them qualify for much needed capital, thereby expanding their company’s reach."

Sanford Livingston, CEO of Nor-Cal FDC

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Last Updated: 5/5/2020