A lot of financing is completed via a client’s bank. However, sometimes the bank may be asking for more and more information. They tend to delay financing and make their client’s ‘jump through numerous hoops’. They also can ask for a Personal Guarantee, take a General Security Agreement, or place restricting covenants on your business.
Well that is where Energy Capital comes in. We can get an answer much much quicker. And thus less downtime, and more time working the asset in the field. In other words, increased revenue.
I recall a conversation with a client I had in my office. He was debating going to his bank. I asked what rate his bank would give him, and what they needed from him to complete their approval. I interviewed him for about 5 minutes, took a signed credit application and called his accountant. Within 30 minutes I had his financials, and within an hour the file was on one of our lenders desk. About an hour later I called the client with his approval details. Not only did we beat the bank’s rate, he did not have to co-borrow for the deal, and he was working the equipment a few days later.
Time is money as they say. Let us work for you and we can save you both time and ultimately money.