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$15 Million NMTC Financing for Business Expansion

News | April 1, 2015

Kutak Rock attorneys closed a $15 million loan to finance business operations for a transformative energy company through the New Market Tax Credit (NMTC) Program, a federal program to incentivize economic development in low-income communities.

Closed on March 4, 2015, the business loan will allow the energy startup company to expand its operations to the State of Illinois. The Kutak Rock team represented Greenline Ventures LLC, the lender and community development entity in the NMTC transaction.

Greenline Ventures is a financial services company that focuses on capital market solutions to increase economic development across the nation.