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.
Looks like communism! is the new mantra of the GOP. It’s coming from the least intelligent of their leaders to the least intelligent of their followers.
Could work!
What Obama says at left is a reminder that life in on Earth is tough enough without the planet’s most nation being led by a criminal sociopath.
As previously mentioned, it’s good to see the rising popularity of astrophysicist Dr. Brian Cox.
In this video, he explains that life on Earth is about 4 billion years old, but for the first 3 billion, there was nothing more complicated than single celled organisms. He suggests that this may be the reason that civilizations are rare in the universe, i.e., that they’re only around for the blink of an eye in terms of geologic time.
To me, it also makes one wonder why it took God 3 billion years to create the first multicelled form of life.
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