Energy Saving Solutions is a thriving industry, it has a solid business plan, it has good management and it has solid fundamentals. And it’s providing businesses with a cost-effective option to take advantage of the new cost-saving technology.
MIAMI, FL (PRWEB) May 17, 2013
Peter Stein, CEO of Energy Saving Solutions (ESS) secured a multi-million dollar financing arrangement that will allow the company to expand its operations and install energy-efficient, cost-saving LED technology in businesses of all sizes.
The additional financing is expected to help ESS keep up with the booming pace of demand as more businesses transition to LED lighting in an effort to cut their energy costs by as much as 70%, as well as cut their annual maintenance and replacement costs.
The financing follows months of evaluation of ESS’s operations and management by CapFlow Funding Group, which is providing the financing arrangement. “ESS is a unique opportunity for us and we’re proud to be a partner,” says Frank Mancini, Director of Operatioins and Head of Underwriting at CapFlow. “The company is a thriving industry, it has a solid business plan, it has good management and it has solid fundamentals. And it’s providing businesses with a cost-effective option to take advantage of the new cost-saving technology.”
Businesses that want to replace traditional lighting with LED often must pay tens of thousands or even hundreds of thousands of dollars upfront to fund the installation. However, ESS offers its Double Green Plan that allows businesses to install LED lights with no out-of-pocket expenses. ESS funds the upfront costs. Customers pay ESS from a portion of the money they save every month on their energy bills.
“Thanks to CapFlow, we can now fund many more upfront installations for projects costing a few thousand to several million dollars with our Double Green Plan,” says Stein. “Business owners don’t have to worry about paying upfront and they can start cutting their energy costs right away. We’re grateful for CapFlow Funding and their financing support so we can continue to serve more businesses.”
“We believe that Energy Saving Solutions is well positioned to flourish in the LED market due to their detail-oriented operations and their continual focus on quality product and customer service,” says Timothy Loughlin, Managing Partner at CapFlow. “The company has passed our rigorous diligence process and we expect them to selectively increase market share in their target markets.”
About CapFlow Funding Group: CapFlow is a nationwide lender and factor to small businesses providing working capital solutions to meet their liquidity needs and solve their funding challenges. CapFlow offers a wide selection of funding products including factoring, accounts receivables and inventory financing, purchase order funding, as well as other asset-based lending solutions.
About Energy Saving Solutions: Based in Miami, FL, Energy Saving Solutions provides business, government agencies, and non-profit organizations of all sizes energy-efficient LED lighting technology that saves money and helps reduce the environmental impact by reducing carbon emissions. Energy Saving Solutions also offers a Double-Green Plan that allows organizations to convert to LEDs with no up-front costs; payments are based on a portion of their electrical savings.