Energy Efficiency Financing for Business Customers

[Pages:2]INFORMATION SHEET COLORADO

Energy Efficiency Financing for Business Customers

COMBINE REBATES WITH FINANCING TO LOWER UP-FRONT PROJECT COSTS

Xcel Energy understands that investing in energy efficiency upgrades can provide business customers with a favorable return, in part because our rebates help reduce the costs of installing qualified energy efficiency measures. Sometimes, though, our business customers may need assistance finding the capital required to help them invest in energy efficiency. That's why we have identified and coordinated with these local organizations and financial institutions to provide loans directly to qualifying business customers.

Ascentium Capital Ascentium Capital delivers innovative equipment finance solutions through a unique finance platform combined with an exceptional service offering that makes access to capital quick and easy. Ascentium's finance programs provide direct financing options for small, mid-sized and Fortune 500 companies across the United States.

Key Equipment Finance Enhance your purchasing power and invest in new technologies by leveraging Key Equipment Finance's direct capital, fixed monthly payments and potential tax benefits. Key Equipment Finance offers critical energy sector expertise that allows you to get the system you need while helping you manage cash flow and optimize clean-energy incentives.

SparkFund SparkFund's private fund finances energy efficiency projects as small as $10,000 for commercial, industrial, municipal and multi-family customers. Your business can benefit from SparkFund's no-upfront-cost, pay-over-time solution, while enjoying a financing process that is streamlined and fast.

U.S. Bank Whether you're looking to purchase new equipment or simply upgrade, U.S. Bank Equipment Financing has an energy-saving solution that's right for you. By going green, not only will your company become more efficient, but you will enjoy saving money. Some of the benefits of financing include a one-page application for loans up to $150,000 and quick credit decisions and funding availability.

ENERGY EFFICIENCY FINANCING ? BUSINESS ENERGY EFFICIENCY FINANCING OVERVIEW

INFORMATION SHEET COLORADO

Financing Comparison Summary

Considerations Ascentium Capital

Key Equipment Finance

SparkFund

U.S. Bank

Communities served

All of Colorado

Audit required?

No

All of Colorado No

All of Colorado No

All of Colorado No

Loan minimum $10,000

$10,000

$10,000

$10,000

Loan maximum $1,500,000

$250,000 (larger loans available upon request)

$1,500,000

Secured loan?

Yes, secured by a UCC-1 filing for the improvements

Yes, secured by a UCC-1 filing for the improvements

Secured only by equipment; UCC-1 filing on improvements

Approval time

Under two hours; Same-day funding

24-hour decision; seven-day funding

48-hour decision; one-day funding

Loan lengths Two to seven years

Three, four or five years; 72 months based on credit score

One to ten years

Loan rates

Start at 6%

Start at 4.99%

Start at 7%

Minimum credit score

650 FICO; application only for financing below $250,000

680 FICO; two years in business; no income required for financing below $150,000

Credit worthiness determined through simple application process.

Contact information

Josh Patton: 281-902-1969 or JoshPatton@

Pietro Simonetti: 719-445-1809 or pietro.simonetti@

Virginia Hewitt: 844-867-7275 or virginia@sparkfund.co

Website



sparkfund.co

$150,000 (larger loans available upon request)

Yes, secured by a UCC-1 filing for the improvements

48-hour decision; 30-day funding

Three, four or five years

4.25% to 6.25%

680 FICO; two years in business; no income required for financing below $150,000

Justin Warner: 303-585-4099 or justin.warner@



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