Illinois Energy Efficiency Small Business & Multi-Family Loan Program

Loan Features | Programs Available | How to Apply | Fact Sheet

Program Overview

The Illinois Energy Efficiency Small Business & Multi-Family Loan Program is brought to you by these participating gas and electric utilities:



Loan Features

  • Available for commercial, multi-family, and mixed-use properties

  • Unsecured loan

  • Borrowers can finance $500 - $150,000*

  • Loan rate fixed for duration of term

  • No prepayment penalty

*Loan amount eligibility will depend on program. Check with the Illinois Energy Efficiency Small Business & Multi-Family Loan Program or contact us with additional questions.

Programs Available

The following programs are currently available through the Illinois Energy Efficiency Small Business & Multi-Family Loan Program:

Terms Amount Borrowed Rate
1 year $500 - $150,000* 4.99%
3 year $500 - $150,000* 4.99%
5 year $500 - $150,000* 4.99%
7 year $8,001 - $150,000* 4.99%
10 year $8,001 - $150,000* 4.99%
*Maximum loan amounts will vary by utility and program sector.

Ameren Illinois (launching early 2021)

  • The entity must be listed as the utility account holder
  • For leased or rented commercial properties, the utility account must be in the name of the entity owner
  • The borrower must have an active utility account that is current
  • Current utility account cannot have been cut off for non-payment in the past 12 months nor have a pending cutoff for non-payment
  • Utility account cannot be under a deferred payment agreement or have a pending deferred payment agreement
  • Utility requirements must be met from application through loan closing when a second and final utility eligibility check will be performed

ComEd

  • The business entity must be listed as the utility account holder
  • For leased or rented commercial properties, the utility account must be in the name of the business entity owner
  • The borrower must have an active utility account that is current
  • Current utility account cannot have been cut off for non-payment in the past 12 months nor have a pending cutoff for non-payment
  • Utility account cannot be under a deferred payment agreement or have a pending deferred payment agreement
  • Utility requirements must be met from application through loan closing when a second and final utility eligibility check will be performed

Video Clip: IL Energy Small Business & Multi-Family Loan Program

Nicor Gas

  • The entity must be listed as the utility account holder
  • For leased or rented commercial properties, the utility account must be in the name of the entity owner
  • The borrower must have an active utility account that is current
  • Current utility account cannot have been cut off for non-payment in the past 12 months nor have a pending cutoff for non-payment
  • Utility account cannot be under a deferred payment agreement or have a pending deferred payment agreement
  • Utility requirements must be met from application through loan closing when a second and final utility eligibility check will be performed

How to Apply

Click here to download the credit application. Please note the credit application is not a contract for a loan nor does it lock you into any commitment with a contractor. The credit application will allow us to proceed with your request for a loan to finance your improvements.

Submit to:
Energy Finance Solutions
431 Charmany Drive
Madison, WI 53719
Fax: 608.249.5788