Michigan Saves offers low-interest financing for energy-efficient commercial improvements, including qualifying roofing work. As a Michigan Saves authorized contractor, Simpatico helps you move your project forward without a large upfront cost.
Here's what to expect, from your first conversation with Simpatico through project funding.
Start with a free assessment from Simpatico Roofing, a Michigan Saves authorized contractor (ID #204229). We inspect your property, identify eligible energy-efficient improvements, and prepare the preliminary scope of work with a cost estimate. Once you receive your quote, you're ready to apply for financing.
Book Your Free AssessmentThe business owner submits the signed credit application to the authorized lender. The cost and preliminary scope of work (e.g., HVACR, refrigeration units, roofing, etc.) should be attached to the application. Applications can be submitted online or through email, fax, or mail.
The lender approves or denies the application based on the business owner's financial history. For applications under $250,000, the lender can generally issue an approval notice within about two hours. Additional documentation often isn't needed when company information is publicly available.
For applications over $250,000, the lender conducts an initial review and, if preliminarily approved, requests two years of financial statements (or tax returns). Final approval is issued within two business days of receiving the required documentation.
The lender prepares the EFA, equipment loan, or lease agreement, including project details and vendor sales quotes. The financing package is sent to the business owner, who signs and returns it along with any applicable fees or payments.
Once the lender receives the signed paperwork and applicable fees, the project is prefunded and Simpatico begins installation of the energy improvements.
Regular monthly billing begins when the project is completed and the loan documents are finalized. On prefunded deals, the loan documents take effect immediately, with the first payment due approximately 30 days afterward.
Once the work is finished, you'll sign off to confirm the project is complete. Simpatico handles the final paperwork with the lender, and your financing is officially in place.
Team Financial Group is the local authorized lender participating in the Michigan Saves Commercial Loan Program. Reach out to them directly to start your credit application.
(616) 735-2393 Visit Team Financial GroupYour first step is a free assessment with Simpatico. Want the full program details first? Michigan Saves has everything you need to know about commercial loans.