Solar factoring and financing help commercial solar panel installers and contractors eliminate the wait for payments. This product is a factoring solution that utilizes your commercial receivables with payment terms of up to 90 days. The minimum funding amount is $200,000.
Solution to Remedy Cash Flow Problems
Installing rooftop solar systems for both residential and commercial projects, where you bill your commercial customers on credit terms, provides you with access to a swift funding solution that can remedy cash flow problems.
Invoice factoring allows you to access the funds you need to cover installation costs and maintain cash flow, ensuring that your business can operate smoothly without the stress of delayed payments. By leveraging this funding option, you can focus on delivering high-quality solar solutions while leaving cash flow management to experts.
With improved cash flow, you can invest in new projects, expand your team, and ultimately drive growth in the competitive solar market.
REQUIRED ITEMS:
- Most recent A/R Aging, Summary or Detailed (aged preferably by Invoice Date, not Due Date)
- Copy of an Open Invoice from AR Aging with supporting documentation if applicable (PO, Contract, Vendor Agreement)
- Most recent A/P Aging Summary
- Copy of Principal(s) Driver’s License(s)
- Copy of Certificate and Articles of Incorporation
- Last 3 months of Operating Account Bank Statements
- Any additional information you would like to provide to assist us in evaluating transactions for funding
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