About lender
Dividend Finance is a company that provides financial services for home improvement through a modern online process. Dividend Finance, Inc offers customers financing for home improvement to increase energy efficiency and stimulate renewable energy development.
Dividend Solar Finance LLC was founded by Eric White and Steve Michellа in 2013 in San Francisco. Its goal is to protect the planet by providing technological and modern financial solutions in the field of home improvement financing through the introduction of clean energy.
The company's services are available in all states except North and South Dakota, Montana, Alaska, and Vermont. Dividend Finance, Inc. is headquartered in San Francisco, California. You can also use the company's services online.
Pros and cons
Pros
Fixed rate for all types of loans
No down payment required
Financing to improve the sustainability of buildings
No penalties for early payoff
The customers can complete the online application process in 2 minutes.
Cons
The exact figures of the interest rate are not specified
The criteria for applying for a loan are not specified.
Terms and conditions
The company is a leader in sustainable financial solutions for sustainable buildings. All interest rate indicators are not available to customers until the application is approved.
Solar and storage
Solar and storage financing is a solution for companies that want to develop their business through the introduction of clean energy. With solar and storage loans, you can install solar panels for your home or commercial building. Installing such panels will reduce electricity costs and help you become part of a society that protects the environment. The maximum loan amount is $120,000. The loan can be taken for 12 or 20 years. Unfortunately, the interest rate is not specified, but it depends on the term and amount of the loan. For this loan, you do not need to make a down payment.
Home Improvement
Home improvement financing allows you to make home improvements and has a low fixed rate and affordable monthly payments. There is no down payment for this loan. You can provide your home with renewable energy, water conservation installations, and seismic improvements. Loans with high maximum amounts are available for this financing. The interest rate and the maximum loan amount depend on which state you take financing from.
C-PACE
Commercial Property-Assessed Clean Energy Financing (C-PACE) is not a loan. It is a special assessment and does not accelerate throughout its term. You can use your property as a guarantee for obtaining financing. There is no mandatory down payment for this type of financing. The maximum term of financing is 25 years. This financial solution can be used for new construction instead of mezzanine debt or equity. A fixed rate is provided for this financing.
Funding a loan
You can receive your funds on your credit card, or checking and savings account that you have linked to your account on the company's website. You will get a decision on the loan on the same day. You can also receive your money on the same day or the next business day.