On April 30, 2024, the SBA circulated a procedural notice revising provisions of SOP 50 10.7 related to the 504 Loan Program (SBA Procedural Notice No. 5000-856984). In particular, the SBA removed the $16,500,000 cap on lending for Energy Public Policy projects, which includes renewable energy projects and energy efficiency projects. Previously, small businesses financing “energy public policy projects” were limited to three SBA 504 loans of $5.5 million each, for a maximum total of $16.5 million. The SBA removed the limit on the number of 504 loans borrowers can secure. The maximum amount of each loan will continue to be capped at $5.5 million, however. Going forward, borrowers may secure as many 504 loans, each up to $5.5 million. for which they otherwise qualify. Energy public policy projects include those that reduce energy consumption (e.g., retrofits) and renewable energy projects (e.g., adding solar), etc.