Answer: Consider the first step to be a two-part process. The first part of step one is to determine the eligibility of the project and customer. The second part of step one is to connect with one of the approved program lenders.
How do I know if my project and customer qualify? You can use the At-A-Glance Eligibility Checklist or remember to ask the following questions:
- 1. Does the business meet one of the requirements:
- a. ≤ 100 employees
- b. ASR is ≤ $ 15 million
- c. SBA size standard requirements for customer industry
- 2. Is the property used for business activities and does it receive gas and/or electric service from PG&E, SoCalGas, SCE, or SDG&E?
- 3. Does the project scope include eligible energy savings measures?
If the answer is yes to all three questions, then the customer can proceed to apply for financing. Contractors are encouraged to contact any of the GoGreen Business finance companies on their customer’s behalf to begin the process.
You can learn more about all of the approved finance companies and their financing options here. If you are unsure which lender to choose, consider the project amount or the type of business requesting financing.
For example, if the customer is looking to finance a small project and wants to move quickly, consider directing them to Ascentium Capital, which does not require a full underwrite for projects below $350,000. If the project cost is $7,500, then direct the customer to DLL Financial Solutions Partner as they have the lowest minimum project size requirement at $5,000.
The next time you are bidding on a job or a customer asks you about business/commercial financing, offer the GoGreen Business Financing solution.