Geothermal Financing Information
In 2008, the Canadian GeoExchange Coalition (CGC) signed a master agreement with TD Canada Trust which set out the terms and conditions of a consumer loan financing program. Under the terms of the program, TD Canada Trust will provide a financial service (extension of credit by the TD Canada Trust) to customers through a network of eligible dealers, including Quest Geothermal Inc.
Please contact us today for more information about this exciting initiative.
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Industry Newsflash
Montreal, January 9, 2008
Enhanced Business Opportunities with Consumer Loan Financing Program for Residential GeoExchange Systems
The Canadian GeoExchange Coalition (CGC) has signed a master agreement with TD Canada Trust that sets out the terms and conditions of a consumer loan financing program (Program) to be undertaken by TD Canada Trust and the CGC.
The Program is an arrangement wherein TD Canada Trust will provide a financial service (extension of credit by TD Canada Trust) to customers through a network of eligible dealers. Eligible dealers will have to meet the minimum guidelines required by TD Canada Trust.
TD Canada Trust will adjudicate all loans in under 2 hours of submission. All loans are unsecured and can be paid out at any time without penalty. TD Canada Trust also offers a wide variety of specials that can be offered through the Program including deferrals and buydowns. TD Canada Trust is proud to be associated with the CGC and are looking to provide a program that will enhance the take up of geoexchange systems in the future and grow the business together.
To participate in this Program, eligible dealers will have to be accredited by the CGC. Among other things, CGC accreditation requires CGC or equivalent training as offered by recognized CGC partners, verified industry experience and expertise as well as current work permits. Other conditions set out by TD Canada Trust must also be met.
