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
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
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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