Commercial solar loans with OneEthos have a different set of lending criteria than our residential solar loans. We require the commercial loan applicant to upload the following:
2 years of income verification for all owners of the company above 20% ownership.
2 years of business tax returns for the company.
Current year-to-date profit-and-loss and balance sheet.
The bank will review these applications on a case-by-case basis to determine the credit worthiness. For simple loans less than $500,000, the customer may be able to an instant preliminary decision upon application submit.