Commercial Financing

From an award-winning fitness store in greater Lansing and a country club in Dearborn to a Detroit house of worship and a hotel in the Upper Peninsula—organizations across the state have benefited from Michigan Saves’ commercial financing program.

We offer eligible commercial customers a wide variety of financing options on prequalified energy measures or improvements recommended by an authorized energy auditor. Financing for nonprofits, houses of worship, municipal buildings and businesses is provided by the following authorized commercial lenders at a low cost to you.

Our commercial financing process is easy. Simply:

  1. Provide your estimate to the customer
  2. Instruct the customer to apply directly with one of our lenders (see below)
  3. Make the energy improvements, once the customer’s financing application is approved and booked
  4. Log in to your account and fill out a quick closeout and project summary

 

The lender will then disburse final payment directly to you! (Most will prefund a portion of the project upon request—see table below for details.)

Participating Commercial Lenders

We’re pleased to partner with lenders that share our high standards of customer service and can help finance your customers’ energy improvement projects, large and small.

We’re also happy to announce the recent addition of two members to our commercial lending network: HBC Energy Capital (NEIF) and DLL. Coming soon, we will also be expanding our financial offerings to include solar power purchase agreements, affordable housing, and predevelopment projects. If you perform work on these types of projects, stay tuned for more information.

  • Overview
  • Minimum
  • Larger amounts considered on a case-by-case basis. Please contact a lender for further details.Maximum
  • Fixed Interest Rate (starting at)
  • Terms (up to)
  • Prefunding (up to)
  • Security
  • Customer Types
  • E.g. businesses, private schoolsFor-profit organizations
  • Multifamily properties
  • E.g. houses of worshipNonprofit organizations
  • E.g. municipal office buildings, and public schools, hospitals, libraries. Financing up to $10 million with interest rates as low as 2% APR available.Publicly owned buildings
  • Financing Types
  • Energy Services Agreement
  • Equipment Finance Agreement
  • Equipment Loan
  • Installment Purchase Agreement
  • Lease Agreement
  • Line of Credit
  • Available for nonprofit organizations and municipalities.Power Purchase Agreement
  • Rental Agreement
  • Fees
  • Contractor
  • Documentation
  • Ascentium Capital

  • $5,000
  • $250,000
  • 7.42% APR
  • 84 months
  • 75%
  • UCC-1
  • 1.99%
  • $250
  • Team Financial Group

  • $5,000
  • $250,000
  • 7.49% APR
  • 84 months
  • 75%
  • UCC-1
  • 1.99%
  • $250
  • DLL Financial Solutions

  • $250,000
  • Based on credit
  • 7.25% APR
  • 120 months
  • 50%
  • Fixture Filing, UCC-1
  • 0%
  • $250
  • HBC Energy Capital (NEIF)

  • $250,000
  • Based on credit
  • 6.50% APR
  • 144 months
  • 50%
  • UCC-1
  • 0%
  • $250

Ascentium Capital

  • Minimum: $5,000
  • Maximum: $250,000
  • Fixed Interest Rate (starting at): 7.42% APR
  • Terms (up to): 84 months
  • Prefunding (up to): 75%
  • Security: UCC-1
  • Customer Types: For profit organizations, multifamily properties, nonprofit organization, and publicly owned buildings
  • Financing Types: Equipment finance agreement, equipment loan, installment purchase agreement, lease agreement, power purchase agreement, rental agreement
  • Contractor fees: 1.99%
  • Documentation Fees: $250
Learn More

DLL Financial Solutions

  • Minimum: $250,000
  • Maximum: Based on credit
  • Fixed Interest Rate (starting at): 7.25% APR
  • Terms (up to): 120 months
  • Prefunding (up to): 50%
  • Security: Fixture filing, UCC-1
  • Customer Types: For profit organizations, multifamily properties, nonprofit organization, and publicly owned buildings
  • Financing Types: Equipment finance agreement, equipment loan, installment purchase agreement, lease agreement, power purchase agreement, rental agreement
  • Contractor fees: 0%
  • Documentation Fees: $250
Learn More

HBC Energy Capital (NEIF)

  • Minimum: $250,000
  • Maximum: Based on credit
  • Fixed Interest Rate (starting at): 6.50% APR
  • Terms (up to): 144 months
  • Prefunding (up to): 50%
  • Security: UCC-1
  • Customer Types: For profit organizations, multifamily properties, nonprofit organization, and publicly owned buildings
  • Financing Types: Energy services agreement, equipment finance agreement, equipment loan, installment purchase agreement, lease agreement, power purchase agreement, rental agreement
  • Contractor fees: 0%
  • Documentation Fees: $250
Learn More

Team Financial Group

  • Minimum: $5,000
  • Maximum: $250,000
  • Fixed Interest Rate (starting at): 7.49% APR
  • Terms (up to): 84 months
  • Prefunding (up to): 75%
  • Security: UCC-1
  • Customer Types: For profit organizations, multifamily properties, nonprofit organization, and publicly owned buildings
  • Financing Types: Equipment finance agreement, equipment loan, installment purchase agreement, lease agreement, line of credit
  • Contractor fees: 1.99%
  • Documentation Fees: $250
Learn More