As you take steps to upgrade your business’s energy efficiency, you have the option of applying for a loan to help pay for some or all of the upgrades. Community Power Works offers two loan options.
Craft3
Community Power Works is excited to partner with Craft3, a Washington non-profit community lender, to offer affordable loans to finance energy upgrades. For a limited time, qualifying businesses can take advantage of a low 4% interest rate.
This loan has more flexible qualification requirements and repayment terms than those typically offered by traditional banks. And, for your convenience, you can repay the loan on your Seattle City Light bill. Loans with Craft3 will typically be under $100,000.
Special Community Power Works loan rates and terms:
Grow Seattle Fund
The Grow America Fund offers affordable loans to eligible business to cover 100% of energy efficiency upgrade. With an energy upgrade, businesses can take advantage of substantial utility rebates, upgrade old equipment, reduce operating costs, and create a comfortable, attractive customer environment.
Financing ranges from $100,000 – $2,000,000 and is most appropriate for businesses with a profitable operating history of at least two years, capacity to service the proposed debt, and collateral.
