H.E.L.P. 2000 Loans

HVAC Manufacturers, Distributors Offer H.E.L.P. 2000 Loans

Richmond, VA, December 17, 1996 -- Weil McLain, the nation's leading boiler manufacturer, is the latest of 11 manufacturers and distributors to sign up for the H.E.L.P. 2000 Loan Program.

The loan program enables qualified homeowners to borrow as little as $2,500 or as much as $25,000 in fully amortizing, fixed rate loans, with terms up to 15 years. The loans feature competitive interest rates, cover 100 percent of the installed system cost, and are usually approved in less than 30 minutes.

Since WaterFurnace became the first HVAC equipment manufacturer to sign up for the program, other manufacturers and distributors have discovered that H.E.L.P. 2000 loans can help them sell their products quickly and easily. Retailers and contractors also have signed on.

Weil-McLain, founded in 1881, is the nation's leading manufacturer of residential and commercial cast iron boilers, with manufacturing facilities in Michigan City, IN and Benton Harbor, MI. "As an EPA Energy Star Partner, we were able to develop the Weil-McLain Homeowner Energy Star Loan Program -- H.E.L.P.," said Joe Ross, Training Manager. "This program makes it easy for homeowners to finance the installation of the finest heating systems available, at reasonable rates."

"By offering an even better rate on Energy Star boilers, we encourage homeowners to purchase our most energy-efficient equipment," Ross went on. "Viewtech, the loan program administrator, has been very responsive to our installers and their homeowner customers, some of whom are purchasing heating systems in emergency situations. It is a very convenient, easy-to-use program."

CFM Distributors of Kansas City, MO began offering H.E.L.P. 2000 loans to its key dealers in late October, and "it's really taking off," said Marketing Manager Amy Kopp. "The dealers love it; 45 have signed up so far and people are calling about it every day. H.E.L.P. 2000 loans have helped our dealers close a number of sales." Kopp added that H.E.L.P. 2000 is "a much better financing program than what we were using before."

CFM, which distributes mainly York equipment throughout Kansas and western Missouri, likes the quick loan approval process. "I'm surprised how easy it is," said Cassville, MO dealer Dave Samuel, who has found that H.E.L.P. 2000 loans were critical to his closing of a number of sales.

"The extremely low monthly payments make our H.E.L.P. 2000 Loan Program appealing to manufacturers and distributors, who can sell more of their top-of-the line equipment," said Brian Murray. "In addition, with our new two-tiered rates for low and high credit risks, we can now approve up to 90 percent of loan applicants."

H.E.L.P. 2000 loans are being offered to the nation's homeowners through utilities, manufacturers, and distributors. A customized version of the program, the E Seal Loan Program, provides a no-cost, no-risk way for participating utilities to help their residential customers purchase energy-efficient heating and cooling equipment.

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