What loan to cost do you offer?
Based on approved credit, we can finance 100% of the purchase and installation of the PowerDiscTM, Apollo LED, HPL Tech and solar components through green energy product conversion financing.
Are there any upfront fees?
There are absolutely no upfront fees.
Do you have a minimum and maximum funding amount?
The minimum is $100K, while the maximum is $50MM. We can also fund projects exceeding $50MM through syndication.
Who may apply for the green energy financing?
The facility/building owners and/or their authorized agents may apply.
How do we begin the approval process?
We require a completed credit application, 3 years’ audited financials, statement illustrating average kilowatt hours (kWh) and a copy of the invoice for the hardware associated with the project. We prefer investment grade clients, subprime clients & prospects must be reviewed on a case by case basis.
How long does the approval process take?
There is a 3-day turnaround for a standard application.
What are your general terms?
The general financing terms are 4% to 8% based on the underlying credit rating. The duration of financing is 2 to 5 years.
What fees are associated with this loan?
We have a 2 point cost for the loan as well as a small % of savings for a 3-6 month duration.
How is the loan paid?
The client pays down the loan through the cost savings realized in the reduction of their energy bill.
Do I still receive a cost savings while the loan is being paid?
Yes, you will still realize an average of 20% reduction in cost.