- December 12, 2013
- Posted by: Gareth Whalley
- Category: Sovereign
Investing in energy-efficient air conditioning system is a great way to save money and natural resources, but how do you fund this type of enterprise? One option is to take out a Carbon Trust loan, this blog gives you more details about this kind of funding power.
What is a Carbon Trust Loan?
The Carbon Trust is a world-leading organisation that helps businesses adopt energy-saving strategies. Right now they are funding interest free loans to businesses that are determined to save energy. This means you won’t have to take on heavy loans with extortionate interest rates to secure the finance you need for your air conditioning. Approach the Carbon Trust instead and you can secure the funding you require without it being too costly for your company.
How much can you borrow?
Loan amounts vary depending on how much you need, they normally start at around £1000 and rise upwards to figures in the region of £100,000. Repayments on the loan are calculated on the amount of savings the company makes, so technically you could install a new system with no cost and once the loan is repaid you reap the rewards.
Installation, commissioning and supply of equipment are covered through the cost of the loan leaving companies with nothing else to worry about. Once the loan is approved you are good to go and will soon be feeling and seeing the benefits.
Who is eligible?
All small to medium-sized enterprises are eligible to apply for the loan and larger companies may be eligible as well if their parent company does not qualify for the CRC Energy Efficiency Scheme.
Are there any catches?
Not really, as long as your company has been trading in the UK for at least 36 months and you are happy with the standard credit checks you can apply for a Caron Trust loan today. If you need any further information about Carbon Trust Loan, don’t hesitate to contact us at Sovereign.