Wunder Capital and UpSolar America announced a partnership that will bring flexible-term equipment financing to UpSolar’s PV customers.
Wunder Capital is a financial technology company that provides financing to solar projects throughout the country. Based in Boulder, Colo., Wunder allows accredited individuals, trusts, family offices, foundations, hedge funds and pension funds to invest in the country’s new solar infrastructure. Wunder’s software-based approach is dedicated to removing logistical barriers and high costs from solar investing, passing the savings on to investors and borrowers.
With this program, purchasers of UpSolar products will have the option to finance their order with a Wunder Bridge Loan — short term, equipment-backed, interest-only loans. Thanks to a seamless application process, Wunder can provide secured financing for qualified projects in as little as 5 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 allow for a more project-specific review lense and are available for commercial projects with procurement financing need of up to $250K. With flexible terms from 3 to 12 months, the loans have friendly payback terms and extension options in the event of unexpected shipping or project delays.
“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,” said Bryan Birsic, CEO of Wunder.
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