Refinance PV (Solar) roof panel – nothing too extra ordinary
An existing customer for whom we have financed several deals has recently won major contracts to manufacture a unique product which will potentially change a whole industry.
The process requires the customer to relocate their business and a major investment in the near future. Asset finance is sure to play a part in the expansion but the business needed cash right now.
We were asked if we could refinance a 3 year old solar panel installation, which had a FIT contract for the next 15 years. Our regular lenders all said no immediately due to the asset and the proposal not fitting the “norm”. After speaking to several lenders we identified the ideal partner and completed a sale and lease back within 48 hours.
We look forward to assisting the business achieve its future expansion later this year.