Solar financing helps solar panel installers and contractors eliminate the wait for payments. A quick funding solution for you to receive the cash sooner when installing rooftop solar systems for residential and commercial projects. We can consider residential projects when solar installers use financing companies such as Mosaic and Sungage.
Program Features:
- Cash in as little as 48 hours after approval
- It allows you to focus on business and not collections
- Line of credit up to $1 million-plus
- No arbitrary loan board decisions
- No fixed payments
- Credit insurance
Use the capital you receive to fund your company’s payroll, purchase inventory, take advantage of bulk discount purchasing offers, fund the growth and expansion of your business, or respond successfully to large orders or seasonal demands.
With our financing program for solar contractors and installers, your business can carve out a larger market share and focus on growing operations, instead of worrying about invoice payments.
Other Features:
No More Collections
There are times when open invoices age out beyond the due date for payments. The conventional process for years has been to perform collections. Unfortunately, collections can delay payments further, up to 45 days from the time the process is started. Solar financing eliminates the need for collections by exchanging all open invoices for cash within 48 hours. This means solar installers can clear out their backlog of unpaid accounts, as well as new invoices, as they are generated.
Reducing The Need For Short-Term Loans
When finances become strained, the natural tendency is to turn to short-term loans. Solar financing provides immediate cash for invoices, which means solar installers can maintain a healthy cash flow, and not have to worry about taking on debt or compromising their credit ratings.
Experience The Difference With Solar Financing
We understand the needs of small businesses and embrace those who see the value in clean energy alternatives. With more people converting to solar energy on a commercial and residential basis, the market for installers is growing. With our program for solar financing, installers can carve out a larger market share for themselves and focus on growing their operations, instead of worrying about invoice payments.
OTHER FUNDING OPTIONS | BUSINESS LOANS BASED ON MONTHLY REVENUES
If for some reason your business fails to qualify for financing, factoring, or traditional funding, we offer a business loan that is based on the monthly revenues of your business and not necessarily on the credit score of the owner. Loans have been funded with credit scores in the 600s. It depended on the overall merits of the transaction.
These business loans are ideal for solar installers who are having difficulties securing funding. A business loan can be a quick solution to cash flow problems. You can use the funds to cover any business expense including payroll.
The team assesses your company using several factors and not just on personal credit score. Underwriting and pricing are based on the overall merits of the transaction with rates and terms adjusted accordingly.
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