ENACT And RapidAdvance Offer Working Capital Financing For Solar Installers

Posted by SI Staff on July 15, 2015 No Comments
Categories : FYI

ENACT Systems, which provides end-to-end, business process automation solutions for distributed energy developers, installers and investors, has partnered with finance company RapidAdvance to offer working capital to energy services contractors.

The solution, called ‘Quick Working Capital,’ allows ENACT users with growing project pipelines for distributed energy projects access to loans, cash advances and lines of credit from $5,000 to $500,000 – within 72 hours of application and with limited paperwork.

‘Residential and commercial solar and energy retrofit projects have long sales and installation cycles, and contractors often limit their growth potential due to slow cashflow. Through our partnership with RapidAdvance now, contractors can unlock rapid access to working capital funds, based on their business pipeline on ENACT,’ says Deep Chakraborty, CEO and co-founder of ENACT.

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