Can a customer receive financing and six months later contract for another project with a second loan?

Yes. The second project, and all subsequent ones, would need to have a separate contract.  The previous loan would persist, and the new loan would be a new stand-alone loan. The combined loan total can’t exceed $25,000. As long as the original work was completed within the last year a new audit would not have to be conducted. A blower door and CAZ test is recommended to confirm the baseline.

Was this article helpful?
1 out of 1 found this helpful
Have more questions? Submit a request


Powered by Zendesk