One-Stop Efficiency Shop Nonprofit 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
- Loan amounts up to $25,000.
- 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
- Borrower must be a nonprofit entity exempt from taxes under the 501(c)(3) of the Internal Revenue Code or an entity that leases an eligible facility to a nonprofit entity.
- Facility must be an existing building occupied in whole or in part by a nonprofit entity to be eligible.
Current Rates
Subject to change at any time. APR based on loan amount of $25,000.
*ACH required.
| Rates starting at | Term | APR as low as | Payment example |
|---|---|---|---|
| 2.75% | 5 years | 3.28% | $17.86 |
Calculate My Payments
Based on current rates. Qualifications apply.
Loan Details
- Project payback period, based on energy savings, must be ten year or less.
- Closing costs apply. Loans must be secured with a mortgage.
- Must be 501c3 organization.
APR based on a loan of $25,000 over 5 years.
- Lighting technology upgrades.
- HVAC controls and upgrades.
- Completed loan application.
- Articles of Organization, Bylaws, Certificate of Incorporation, Borrowing Resolution.
- Two years financials and/or tax returns for business.
- Copy of ID for authorized signor.
- Copy of the Federal 501(c)(3) Exemption.
- Written consent from property owner for tenant to do work on the property (if owner is not the loan applicant).
- Estimate(s) for the proposed work to be done.
This project was made possible by a grant from the U.S. Department of Energy and the Minnesota Department of Commerce through the American Recovery and Reinvestment Act of 2009 (ARRA).
