Green energy programs a win-win for people and planet
October 13, 2023
Announcing the launch of our e-bike loan program!
This program adds to our suite of green energy financing options that are friendly to people and the planet, supporting environmental initiatives such as solar and energy efficiency projects, electric vehicle purchases and now e-bike purchases. Not only is First Southwest Bank (FSWB) dedicated to helping customers save money, we also want to help them save on energy, too.
We’re happy to be a part of the green energy movement and are excited to explore more product ideas that will benefit our customers and communities.
Secure financing for an electric bicycle (e-bike) today.
Reduce your carbon footprint and improve your health with an e-bike. Whether you are commuting, running errands or exercising, we can help you reach your destination with an e-bike loan.
Purchasing an e-bike can be expensive. Our e-bike loan makes it simple to access affordable credit to purchase the e-bike that's right for you.
What types of bicycles qualify?
Loans cannot be used for the purchase of standard bicycles, an e-bike is defined as any class of e-bike (per the State of Colorado e-bike definition) and includes:
- Class 1: an electrical assisted bicycle equipped with a motor that provides assistance only when the rider is pedaling and that ceases to provide assistance when the bicycle reaches a speed of 20 mph
- Class 2: an electrical assisted bicycle equipped with a motor that provides assistance regardless of whether the rider is pedaling but ceases to provide assistance when the bicycle reaches a speed of 20 mph
- Class 3: an electrical assisted bicycle equipped with a motor that provides assistance only when the rider is pedaling and that ceases to provide assistance when the bicycle reaches a speed of 28 mph
- Has two or three wheels and fully operable pedals
- Electric motor is 750 watts or less; may not be gasoline-powered
- Full-suspension mountain bikes are not eligible
Maximum loan amount must not exceed purchase price plus fees and taxes (no cash out allowed with discounted rate). Invoice must be provided.
Pair this loan with an e-bike rebate for additional savings!
- Learn more about Colorado's Community Access to Electric Bicycles Rebate Program.
- LaPlata County residents, learn more about LPEA e-bike rebates here.
All loans are subject to credit approval.