Business Capital Delivers Over $300 Million Funding for Solar Fintech Company
August 1, 2019
Business Capital (BizCap) acted as a strategic advisor to a leading FinTech company focused on providing residential solar loans to homeowners nationally. The company is licensed in all 50 states and integrates seamlessly with the largest residential solar installers in the US. Business Capital established $300,000,000 in top tier funding partnerships by helping structure and negotiate forward flow loan purchase agreements that will allow the company to sell pools of whole loans on a frequent basis to maximize its origination platform and take advantage of the opportunity to quickly gain substantial market share.
“It was especially rewarding for our team to secure funding for this client. As the US, and indeed the world, looks to find sources of renewable energy, it is gratifying to have played a role in propelling this nascent stage company and environmental conservation forward,” said Chuck Doyle, Managing Director of Business Capital. “Happy to do our part so this client can make a positive impact on US homeowners and a cleaner economy.”
Business Capital is a leading commercial finance firm specializing in securing customized non-dilutive credit based solutions for rapidly growing as well as challenged middle market companies nationwide who require a unique, timely and tailored financing structure to address their particular needs, especially in special situations.
