MICHIGAN SAVES LENDING TERMS HAVE CHANGED
Jan. 22, 2018 – Effective immediately, the lending terms from Michigan Saves have changed. The new terms and conditions are:
- Loans have to be at least $5,000
- 0% financing on up to $50,000 for up to 36 months for faith-based facilities* and K-12 public schools
- 1.99% financing on up to $150,000 for up to 36 months for municipal facilities
- 1.99% financing on up to $50,000 for up to 24 months for all other commercial and industrial customers
To begin the process, visit the Michigan Saves website at michigansaves.org.
For more information, click here.
*Faith-based facilities include all houses of worship and facilities operated by faith-based organizations, including faith-based school facilities.
FINAL SPECIAL DTA TRAINING SESSION IS THURSDAY
Feb. 20, 2018 – The final specially-scheduled Designated Trade Ally training session is Thursday, Feb. 22, for current DTAs to take advantage of the training and be grandfathered into our new policy concerning participation.
Under new rules of DTA eligibility, a Trade Ally must attend training and submit at least one paid Application to be considered for eligibility as a DTA. Once the training and Application requirement has been met, the TA will fall into a three-month waiting period before final DTA status is awarded.
By attending Thursday’s training, current DTAs who missed the Dec. 5 training will have an opportunity to be grandfathered into the program without having to wait the three months.
Regular monthly training will resume in March, with the new eligibility rules in place
To register for one Thursday's sessions, click on the EVENTS page.