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01-19-2021, 02:41 PM #1
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- Feb 2017
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- 3,395
Solar Financing
A company that does solar installations with corporate clients came my way, and while I could fund this deal on the working capital side pretty easily, he's actually looking for better financing for his clients. Apparently Bank of the West finances these clients with 5.49% over 7 years. He's looking to see if there's an alternative, at $500,000 - $1.5mm per installation, the monthly payments are hard on the clients. Anyone come across something? Doesn't seem like there's much money in it at those rates, but at least a professional referral might be helpful for this guy, or we could make money on if you have a way?
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01-19-2021, 05:55 PM #2
- Join Date
- Mar 2019
- Posts
- 253
is this that solar deal that is stacked through the roof.
the one that shops heavily.EPIC ADVANCE
Mark@epic-advance.com
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01-19-2021, 06:43 PM #3
- Join Date
- Feb 2019
- Posts
- 209
I'll be honest. The payment is not hard on the clients. When you look at the tax credits given on commercial solar, it is a pretty good deal. He is just looking for an avenue that is cheaper to close more deals (don't blame him).
A decent solar company will not have good A/R but they are amazing for the PO financing side of things, which I am sure that you are familiar with.
The residential side of solar is pretty nuts. Those loans have a 18+% originate fee
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01-20-2021, 12:05 AM #4
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- Feb 2017
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02-22-2021, 11:36 AM #5
- Join Date
- Feb 2021
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- 1
Lmfao
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06-25-2021, 10:18 AM #6
- Join Date
- Jun 2021
- Posts
- 40
We might be able to help. Please contact me at: jim.rfrcapital@gmail.com. Thank you for your time.
Jim
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06-25-2021, 10:22 AM #7
- Join Date
- Feb 2017
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- 3,395
Jim, this is 6 months old, you're a newbie on the forum and now spamming it with a Gmail account. Please stop now, the ban will come waaaay before you generate any business from this site like that.
Last edited by abfunders; 06-25-2021 at 10:26 AM.
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