Innovative “two-minute” response technology streamlines monthly payment financing options and approvals for a variety of commercial, industrial and municipal energy improvements.
HBC Energy Capital (HBC), a division of the National Energy Improvement Fund (NEIF), has introduced its new online portal for rapid processing of Energy Efficiency financing for commercial, non-profit and municipal energy improvements. The online portal can be used by both contractors and customers to customize lease, and loan financing options and eliminate first cost barriers to improvements such as lighting, HVAC and renewable energy. Project size can range from less than $10,000 to multi-millions.
With simple input and in less than two minute’s time, users can create a financing estimate pulling from a matrix of HBC’s lender partners’ rates, indicating the best monthly payments available for the project. Estimates include a monthly cash flow analysis and are presented in a clear, easily understandable format for both contractors and customers. Financing applications can be quickly completed through the online portal, which manages all documentation and procedures required throughout the lending process.
This enhanced automated platform, coupled with HBC’s dedicated energy lending specialists, is a one-stop shop financing solution for commercial, non-profit, and municipal energy efficiency projects. HBC works with a network of qualified energy contractors as well as with utility commercial DSM and other programs.
“We believe our online commercial lending platform combines innovative technology with our years of experience in energy efficiency lending to provide the best available financing solution for commercial energy efficiency projects,” said Matthew Brown, NEIF Co-Chair and Founder. “It truly complements NEIF’s residential lending and rebate advance programs to provide a comprehensive financing solution for customers, contractors, utilities and programs.”
To get a closer look at the portal’s functionality, read more.
A look inside the portal…
Users interested in creating a finance estimate will find the portal integrated into the HBC website. It is not necessary to be a registered user to create an estimate. Non-registered contractors can create an estimate here. However, interested contractors can quickly create an account that allows them to track and manage potential, active, and past project estimates and applications. To log-in or register, go here.
Once logged in, financing estimates can be created in two-minutes with simple inputs about project size, incentive amount, etc.
An example of a financing estimate.
Utilizing the best available lender rates, the online portal allows contractors to review and select a financing terms with the most attractive net-monthly cash flows.
Contractors can keep track of multiple finance estimates and financing applications as they move through the lending process. Representatives from HBC will be with you every step of the way to ensure your project continues to progress, all proper documentation has been uploaded, and that communication between the borrower, lender, and contractor remains open and active.