Commercial Financing for Contractors
We offer eligible commercial customers—including businesses; nonprofits; multifamily and public-sector properties, such as municipal office buildings and public schools; and other commercial facilities—a wide array of financing options on prequalified energy measures or improvements recommended by an authorized energy auditor. Our authorized commercial lenders provide this financing at a low cost to you through a simple process.
Commercial Financing Process
After these steps have been completed, you can expect final payment from the lender, which will be disbursed directly to you! (Most lenders will prefund a portion of the project upon request—tap individual lenders for details.)
1
Provide your estimate to the customer
3
Make the energy improvements after the customer’s financing application is approved and booked
Participating Commercial Lenders and Offerings
We’re proud to partner with commercial lenders that share our high customer service standards and can help finance your customers’ energy improvement projects, both large and small.
Financing Type
Learn about utility-funded interest rate buydownsProperty Type
First Independence Bank
Amount: $10,000
—$150,000
Rates: Starting at 7.50% APR
Terms: Up to 60 (240 amortization period)
Prefunding: Up to 50%, based on credit
Details
Inclusive Prosperity Capital
Amount: $50,0000
—$2,000,000
Rates: Starting at 6.62% APR
Terms: Up to 240
Details
Team Financial Group
Amount: $5,000 and up
Rates: Starting at 7.25% APR
Terms: Up to 84
Prefunding: Up to 75%, based on credit
DetailsSpecial Offers
It’s a simple equation—low interest rates equal greater sales for your business. Michigan Saves contractors who maximize our utility incentives close more sales at higher values. We partner with DTE, Consumers, and SEMCO to offer as low as 0% APR for commercial customers working on eligible improvements within their service territories. We’ve helped hundreds to finance their commercial building HVAC systems, insulation, lighting, and other projects.
