One-Stop Efficiency Shop Commercial Energy Loan
We provide low interest loans for lighting and HVAC projects completed through the One-Stop Efficiency Shop®.
The guidelines below are subject to change at any time without notice. Loan funds are subject to availability. Email or call for complete details.
Hablamos Español: 612-335-5856
About the Loan
- No prepayment penalty.
- Loan amounts up to $25,000 per organization.
- Loan term will match the estimated payback of the project up to a maximum term of 5 years.
- Loan payments must be ACH.
Property Eligibility
- An eligible borrower is a sole proprietorship, partnership, nonprofit, corporation or other business entity which is the owner and/or tenant of an eligible property within the State of Minnesota.
- All existing commercial properties located in the State of Minnesota are eligible.
Current Rates
Subject to change at any time. APR based on loan amount of $25,000.
| Rates starting at | Term | APR as low as | Payment example |
|---|---|---|---|
| 5.75% | 5 years | 6.421% | $19.22 |
Calculate My Payments
Based on current rates. Qualifications apply.
Loan Details
- Limited time offer. Rates subject to change.
- APR based on $25,000 loan amount over five years.
- Closing costs apply. Loans must be personally guaranteed and/or secured with a mortgage.
- Lighting technology upgrades
- HVAC controls and upgrades
- Refrigeration upgrades
- Articles of Organization, Bylaws, Certificate of Incorporation, Borrowing Resolution.
- Two years financials and/or tax returns for business.
- Written consent from property owner for tenant to do work on the property (if owner is not the loan applicant).
- Estimate(s) for proposed work to be done.
- Copy of ID for authorized signor.
The current loan terms and conditions stated, including interest rates, do not constitute a commitment to lend or offer to enter into agreement, Such an offer may only be made pursuant to Minnesota Statutes, Section 47.206(3) and (4).
