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Attachment B <br />COMMERCIAL ENERGY EFFICIENCY <br />LOAN PROGRAM <br />The Center for Energy and Environment (CEE) Commercial Energy Efficiency Loan <br />Program provides financing to Minnesota businesses making cost effective energy <br />efficient improvements. <br /> <br />ELIGIBLE BORROWERS <br />PROGRAM FEATURES <br />A sole proprietorship, partnership, nonprofit, <br />•3.9%* fixed interest rate for loan terms <br />corporation or other business entity which is the <br />up to 60 months <br />owner and/or tenant of an eligible property within <br />•6%* fixed interest rate for loan terms <br />the State of Minnesota. <br />from 61-120 months <br />•No prepayment penalty <br />Loans must be personally guaranteed and/or <br />•$100,000 maximum loan amount <br />secured with a mortgage. <br />•Closing costs apply <br />ELIGIBLE PROPERTIES <br />An existing commercial property located in <br />the State of Minnesota. <br />ELIGIBLE IMPROVEMENTS <br />•Improvements include, but are not limited to: lighting technology upgrades, HVAC controls and <br />upgrades, solar, refrigeration equipment replacement and upgrades, envelope air sealing and <br />insulation. <br />IMPROVEMENTS MAY NOT BEGIN PRIOR TO CLOSING YOUR LOAN <br />FUNDS DISBURSED UPON COMPLETION OF THE PROJECT(S) <br />For more information on this program and other programs offered through the <br />Lending Center contact Jim Hasnik at 612.335.5885 or jhasnik@mncee.org <br />* Interest rates subject to change. <br />Printed on recycled paper. 12/16 <br /> <br />