Once the customer has been pre-approved, can the contractor proceed with design, procurement, permitting, etc. with confidence that they will be paid at installation commencement and project completion?

We highly recommend waiting until the loan has been fully approved to ensure the project will be funded by Clean Energy Credit Union. After your customer has submitted the required documents and taken the necessary steps as shown in our loan instructions document, our underwriters will then be able to make a decision on the loan. The reason we recommend waiting is there is at least some risk that your customer may not provide the verification of income documents required, or sometimes they may choose to delay in establishing their membership with Clean Energy Credit Union, etc.