PROJECT SELECTION PROCESS
Potential applicants must be a confirmed TCL&P commercial/industrial customer and are required to complete the following steps:
- Complete a Pre-Screening Survey;
- Complete a TCL&P Energy Saver Rebate Application (review can take up to four weeks);
- Participate in a required site visit from a TCL&P representative;
- Complete a Venture North Loan Application;
- 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.
For Details, Contact
Formerly the Traverse Bay Economic Development Corporation and Chamber Foundation