Windsor Advantage expanding USDA loan activity, including rural energy loans for renewables and energy efficiency

Written By: Stratton Report
February 17, 2017

On February 17, Windsor Advantage, LLC, a provider of outsourced loan servicing to banks and credit unions, announced a significant expansion of its USDA loan activity, including the agency’s Rural Energy for America Program.

Per the firm, in 2016, Windsor clients funded more than $80 million in USDA loans, and at the end of the year, its USDA loan servicing portfolio exceeded $150 million.     

Shawn Andrews, Managing Director of Windsor Advantage noted:

The USDA offers several loan programs providing critical capital to rural areas. We are committed to supporting these programs in 2017 and beyond.  This focus has allowed our clients to fund opportunities ranging from rural business loans to utility scale solar development.   We expect this increase in USDA lending to continue in 2017 with our clients projecting more than $150 million in USDA loans, including a significant focus on the Rural Energy for America Program (REAP). 

According to Windsor, REAP loans help expand the private sector supply of renewable energy and decreasing the demand for energy through energy efficiency improvements. Windsor stressed that REAP loans have been used to assist solar developers to build and operate utility-scale solar projects in rural communities.

David Thigpen, Director of Project Finance at Cypress Creek Renewables remarked: “In my current position as a solar developer and as an alumni of the USDA, I understand the positive impact these loans can have on rural borrowers and communities.   The longer terms available through the Rural Energy for America loans allows us to continue to assist rural communities, creating jobs and increasing US energy independence.”