Wunder Capital, a Colorado-based financial technology company offering an online solar lending platform, and UpSolar America, an international developer, manufacturer and distributor of PV modules, have announced a partnership to bring flexible-term equipment financing to UpSolar customers.
The program will provide purchasers of UpSolar products the option to finance their order with a Wunder Bridge Loan – a short term, equipment-backed interest-only loan. Wunder says it can provide secured financing for qualified projects in as little as five days.
“We are excited to be able to offer our customers with an equipment financing option that is quick and flexible. This offer allows our customers to get more projects done without having to worry about juggling credit limits and balance sheets,” says Stephane Dufrenne, president of Upsolar America.
The equipment-backed loans are available for commercial projects with a procurement financing need of up to $250,000. With flexible terms from three to 12 months, the loans have friendly payback terms and extension options in the event of unexpected shipping or project delays, according to Wunder.
“We are looking forward to helping Upsolar customers get more projects done, faster. Construction and equipment finance has been used on larger projects for years; we are making those same benefits accessible to smaller projects with a more efficient and cost-effective process,” states Wunder CEO Bryan Birsic.