Introducing a different kind of Second Look lender, available to HVAC contractors in Florida!
Nonprofit Solar Energy Loan Fund (SELF) is a Green Bank that specializes in offering affordable loan options for energy-efficient home improvements to low-to-moderate income communities.
SELF lets contractors offer attractive plans to customers with no/low FICO scores on a fixed income.
SELF is an independent, nonprofit, community-based, Green Bank lending organization. Their focus is on home renovations, including HVAC jobs, that promote energy efficiency, clean energy alternatives, storm protection, water conservation, and disability products. SELF provides homeowners with access to low-cost capital to finance sustainable home improvement projects.
A Green Bank is a financial institution dedicated to supporting climate-friendly projects, including energy savings and solar generation projects in residential and commercial buildings. Typically, Green Banks partner with other organizations, such as government agencies, non-profits, and private investors, to offer long-term, low-interest loans that aren’t available on the private market to help make these types of projects affordable.
Customers who may not qualify for financing plans offered by traditional banks because of Low/No FICO scores; and those who are on a tight income and need the lowest possible monthly payment. Plus, groups such as women head of household, retirees, and veterans.
Contractors need to have business reviews that are in good standing, general liability and workers’ comp insurance, and final approval of their HVAC job by a certified compliance FL inspector.
No, there is no minimum year in business required to offer SELF plans.
Yes, there is a UCC lien until equipment is completely paid off.