How does FEC determine approval and qualifying amounts for loans?

FEC uses a comprehensive decision matrix that takes into account the amount of the loan, your FEC Credit Rating, credit bureau scores, and the number of liens outstanding on the property.

Eligibility Criteria

  1. The project qualifies for a rebate.
  2. Owner(s) account is current. No past due balances or outstanding payment arrangements.
  3. Owner(s) FEC Credit Rating. Approval requires 9 points or less within the last 12 months.
  4. For all loans over $1000: Owner(s) Credit Score. Approval requires scores above 600.