[RE-wrenches] BancXchange

Drake Chamberlin drake.chamberlin at redwoodalliance.org
Tue Jul 20 14:50:02 PDT 2010


Hello Wrenches,

I'm trying to find financing for a solar project.  I've been getting 
mailings from BancXchange and am in the application process.  It 
turns out that they have a $400 application fee.  Has anyone used 
this outfit for solar financing?

Who would finance a 36.6 KW PV system?  The customer's credit is 
good.  Two banks so far, both enthusiastic, could not figure out how 
to deal with the grants.  Both banks need the grants to be approved 
before being willing to commit to financing and both grants need 
financing nailed down before they can be approved.

Drake Chamberlin
Athens Electric
OH License 44810
CO License 3773
NABCEP TM  Certified PV Installer
Office - 740-448-7328
Mobile - 740-856-9648  
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