Sunstone Credit just announced a new loan product for small business solar loans under $250,000: Express Loan.
Despite the advantages of solar energy, most small businesses struggle to secure loans for their solar systems. They typically have to pay cash, use more cumbersome financing options or, in the worst case scenario, give up and forgo solar entirely. Express Loan provides a faster and easier solar financing process.
“Solar energy has traditionally been out of reach for small businesses. It requires a significant cash outlay and traditional banks don’t know how to underwrite the loans,” said Chan Tai, VP of Credit Automation at Sunstone. “Sunstone makes solar accessible to small businesses by providing quick and easy financing options that are often cheaper than what businesses are paying for their existing utility bills. With Express Loan, businesses will have faster access to Sunstone financing, accelerating their transition to solar energy and savings.”
Express Loan offers:
- Easier application: Applying for an Express Loan online requires just a few minutes and less paperwork compared to a traditional loan. Customers can skip the hours-long trip to the local bank.
- Simpler process: Loans can be approved quickly and don’t have to go through multiple stakeholders or layers of approval.
- Faster savings: Faster approval means customers can move forward with their solar project more quickly, and start saving money and the planet with clean, green energy.
The Express Loan is available to commercial customers of Sunstone’s approved installation partners. Businesses that qualify are for-profit and property companies that have been in business for three years or longer or have co-signers who own the property.
News item from Sunstone