Sunstone Credit’s New Financing Solution: Flex
Overview:
Sunstone Credit has launched Flex, a commercial financing platform designed to broaden its service to various energy-related projects beyond solar, catering to multiple sectors including multifamily housing, HOAs, religious institutions, and nonprofits.
Key Benefits for Contractors:
-
Flexible Terms:
- Loan sizes range from $25,000 to $6,000,000.
- Offers competitive, fixed rates with terms up to 15 years.
-
Direct Payments:
- Contractors receive timely payments directly, ensuring customers can’t shop around for alternative financing.
- A portion of funding is provided upfront for material orders.
-
No Property Liens:
- Financing does not require liens against the customer’s property, reducing barriers for commercial property owners.
-
Fast Decisions:
- Credit decisions are typically made in under a week, maintaining sales momentum.
-
Streamlined Application:
- Contractors send a link for an online application; Sunstone manages the documentation and follow-ups.
Executive Insights:
Josh Goldberg, Co-Founder & CEO of Sunstone Credit, emphasizes that the company aims to eliminate financial barriers that often delay critical projects. With over $2 billion in loan applications for commercial solar finance, Flex is positioned to support various energy-related initiatives, including HVAC, roofing, and EV charging.
Industry Context:
Contractors face difficulties when customers need financing but are unable to secure it independently. Traditional bank financing can lead to delays and complex paperwork. Flex offers a straightforward solution, enabling contractors to capture more projects without the hassle of conventional financing.
Conclusion:
Flex empowers contractors to expand project scopes and offer competitive financing options. With minimal onboarding time, contractors can start benefiting from the platform quickly.
For more information, visit Sunstone Credit.
