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Energy Efficiency Revolving Loan Fund

INTERESTED IN MAKING ENERGY EFFICIENT UPGRADES TO YOUR FACILITY, BUT NEED ACCESS TO CAPITAL?
The Energy Efficiency Revolving Loan Fund is provided by Venture North and Traverse City Light & Power. Available to TCL&P commercial and industrial utility customers, the fund offers zero interest loans for businesses that are investing in energy efficient measures identified through a comprehensive energy assessment or audit.

PROJECT SELECTION PROCESS

Potential applicants must be a confirmed TCL&P commercial/industrial customer and are required to complete the following steps:

  1. Complete a Pre-Screening Survey;
  2. Complete a TCL&P Energy Saver Rebate Application (review can take up to four weeks);
  3. Participate in a required site visit from a TCL&P representative;
  4. Complete a Venture North Loan Application;
  5. Receive approval from Energy Efficiency Loan Committee.

TERMS, INTEREST RATES, AND FEES

Loan conditions will vary based on type of project and the needs of the borrower. The following identifies the average size, term, and interest rate:

  • Loan Size: Up to $50,000
  • Loan Term: Up to 5 years
  • Interest Rate: 0%
  • Customers will be required to pay a loan closing fee of $250.00.
*Learn more about TCL&P’s Energy Smart Program, and incentives offered to customers for becoming more energy efficient, on the web at www.TCLP.org or by calling 231.922.4940.

For Details, Contact

Sara Christensen, Portfolio Administrator
sara@venturenorthfunding.org
231.995.7115

venturenorthfunding.org

Formerly the Traverse Bay Economic Development Corporation and Chamber Foundation