The Connecticut Green Bank is raising capital via its fourth Green Bond offering using the Reg CF securities exemption.
The Green Liberty is open for investment via CGB Green Liberty Notes LLC, a FINRA-regulated funding portal. Offered in partnership with Raise Gren, investors may participate for as little as $100. The Notes help to finance a program that offers zero-interest energy efficiency loans to small businesses, so they can reduce their energy costs and directly improve their bottom lines.
The Green Liberty Notes hold an annual interest rate of 3.5%, with interest paid at maturity on November 2, 2023. The notes are Senior Unsecured Debt with a maximum offering of $250,000. As of today, more than half that amount has been raised. The platform notes that 71% of the investments have been for $1000 or less.
Bryan Garcia, President and CEO of the Green Bank, said their first three offerings have raised more than $560,000 from investors across the US with the bulk coming from Connectictu.
“Building upon our successful summer offering, which was completely sold out, we are excited to see more and more citizens getting involved and earning a competitive return on their money.”
Investments in the Green Liberty offering support Eversource’s Small Business Energy Advantage (SBEA) program, which enables small businesses in Connecticut to reduce their energy costs through efficiency upgrades and zero-interest loans.
The Connecticut Green Bank was established by the Connecticut General Assembly in 2011 as the nation’s first green bank and has since supported the creation of more than 26,000 green energy jobs in the state while reducing the energy cost burden on over 66,000 families, businesses, and nonprofits.
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