Bridge Loan Application

Complete your application here.

PSEF Bridge (General) Loan Application
  • Cover Page
  • Pre-development Loan Application

The purpose of PSEF Bridge Loans is to cover capital expenses associated with the installation and operation of solar & other PSEF approved renewable energy systems. The loan will serve to bridge financing gaps, brought about by delays of anticipated funds (e.g grants, debt, investments), matching fund requirements etc. The Bridge loan will also cover specific development-related expenses such as interconnection deposits/costs, REC deposits etc. PSEF Lending Team will reach out to you in a couple of days after you submit your application. 

 
Entity Eligibility:
  • A corporate structure that is cooperative, non-profit, tribal or municipal entity with a governing board elected democratically by a membership of at least 50 consumers within a specific geography.
  • A Board and staff leadership either based in the community(s) being served, or with direct, demonstrable accountability ties to the community served.
  • Committed to developing community-driven projects, maximizing community benefits and preferably with a pathway to community-ownership.

Project Eligibility:
  • Proof that the site has been secured or can be reasonably secured.
  • An agreement with key project partners with a project plan
  • Preliminary financials that indicate likely project viability
  • EPC estimate that matches the project cost included in the financials
  • Plan for community planning and community ownership of the project
  • The funds from the bridge loan will be used to cover a gap in financing which would be resolved in a 12-24 months period
  • 3 Years Financials for borrowers showing positive cash flow and profitability (if available)

Note: You can save your application progress and continue later if needed, using the button below.

Overview

General details.

Loan Details

Specifics about your loan needs.

Project Overview

Details about your project.

7. Key Project Team & Advisors: Please provide the names, email addresses, and brief description of the related experience for the individuals overseeing the following responsibilities:

Project Details

Background information and documentation.

Answer the following questions regarding your project and attach the following documentation:

a) Proof that the site has been or can be reasonably secured (In most cases, the Borrower has (or will have) control over the potential solar site with a signed lease or signed power purchase agreement and lease before the loan funds (up to 5% of total project costs up to $200k) are released. Borrowers can also access a small loan (up to 2% of total project costs up to $50,000) prior to site control if they can demonstrate a likelihood of gaining site control with this small pre-development loan.
b) An agreement with key project partners with a plan defining division of responsibilities among partners and expected timeline
c) A link to a description of the state’s solar enabling legislation that will allow the project to operate
d) A link to a description of the state’s solar incentive program (if applicable)
e) A budget for the uses of pre-development funds. Include a projected timeline for the uses of the funds if applicable
f) Preliminary project financials that indicate likely project viability
g) 3 years financials for Borrower showing positive cash flow cash and profitability (if available)

Project Details, cont.

Additional details about your project.

Community Benefits

Tell us how your project will benefit the community.

Contact Information

Organizational contact details.