Texas-based solar panel installation company, Southern Solar, has sought a long-term funding partnership with Republic Business Credit.
The terms of the $3 million factoring agreement are structured similarly to an asset-based loan, as the company is only being charged on their facility utilization, says Republic. The adjustment is expected to allow company executives to focus on core business operations while achieving their growth targets in the upcoming quarters.
“This is the perfect example of how we provide rapidly growing companies with working capital freedom,” says Robert Meyers, president of Republic.
“We tailored a private credit solution to support the company’s long-term growth goals and enhance the positive effects on Texas’ economy through the workforce and energy solutions this company provides.”
Republic is headquartered in New Orleans with additional offices in Chicago, Los Angeles, Houston and Atlanta. It is a wholly owned subsidiary of Renasant Bank.
The post Republic Business Credit Funds $3M Southern Solar Factoring Facility appeared first on Solar Industry.
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Ørsted Finishes Revolution Wind, RWE Wins German Auction
Allen covers record bank financing for clean energy, Oracle’s 1.7 GW Texas wind deal, RWE’s German auction win, Denmark scrapping its turbine cap, and Revolution Wind finishing off Rhode Island.
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I’m not sure that Fox News caused the decline of our nation, but it certainly makes some level of sense.
When I was young, there was no source of “news” that was based solely on the profit to be made by making Americans stupid and mean. In fact, news in most of the 20th Century really didn’t have any real commercial value, because it wasn’t used to sell drugs and useless crap to elderly, addle-minded white people 24 hours a day.
Thirty years later, we have people who are as addicted to this hate news as alcoholics need another shot of booze.
The civilized world is thrilled to see the Catholic church take on the mantle of environmentalism, especially since the religious right still quotes from the Book of Genesis: Only God can destroy the Earth to justify climate denialism.
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