ENACT AND RAPIDADVANCE PARTNER TO OFFER WORKING CAPITAL FINANCING FOR SOLAR AND DISTRIBUTED ENERGY INSTALLERS

The Enact Journal

ENACT AND RAPIDADVANCE PARTNER TO OFFER WORKING CAPITAL FINANCING FOR SOLAR AND DISTRIBUTED ENERGY INSTALLERS

Published On : July 13, 2015
New ‘Quick Working Capital’ Offers Contractors a Broad Range of Financing Options to Sustain and Grow Solar and Energy Efficiency Pipelines
Pleasanton, CA, July 13, 2015 – Meeting demand within the solar, energy efficiency and other distributed energy markets, ENACT Systems with RapidAdvance have partnered to offer working capital to energy services contractors using ENACT’s distributed energy sales and financing workflow automation platform. Called “Quick Working Capital” the solution allows ENACT users with growing distributed energy projects to access loans, cash advances and lines of credit from $5,000 to $500,000, within 72 hours of application, with limited paperwork.
In fact, “Residential and commercial solar and energy retrofit projects have long sales and installation cycles, and contractors often limit their growth potential due to slow cash-flow. Through our partnership with RapidAdvance now, contractors can unlock rapid access to working capital funds, based on their business pipeline on ENACT”, said ENACT Co-Founder and CEO, Deep Chakraborty.
ENACT’s end-to-end business process automation solutions empower thousands of distributed energy services businesses to automate their sales, distribution, financing and installation processes for solar and energy efficiency. In addition to this users on the platform frequently experience lower customer acquisition, operational and financing costs. Since it’s launch in 2014, the ENACT user base has grown 300%.   Furthermore, “ENACT is committed to advancing the distributed energy marketplace. Especially for regional and local installers,” said Chief Revenue Officer Mark Cerminaro of RapidAdvance. “We’re excited to be partnering with ENACT to bring greater financial predictability and stability to its growing installer base.” Get a free trial of the ENACT system platform here https://enact-systems.com/

ABOUT ENACT SYSTEMS INC.

ENACT’s SaaS platform provides end-to-end business process automation solutions for distributed energy developers, installers, and investors. Also ENACT’s functional SaaS marketplace is focused on lowering customer acquisition, operational and financing costs, while enabling incremental revenue growth for all stakeholders. Also ENACT SYSTEMS is headquartered in Pleasanton, CA, with an office in Bangalore, India.

ABOUT RAPIDADVANCE

Bethesda, Maryland based RapidAdvance is one of the leading finance companies in the online marketplace for small business capital. Rapid is part of the Rock Ventures Family of Companies that includes Quicken Loans, the Cleveland Cavaliers and other companies. Moreover RapidAdvance has provided over $700 million in capital to tens of thousands of small business owners. Additionally it is important to mention that Better Business Bureau rated the company A+. Media Contact: Lisa Ann Pinkerton lpinkerton@technicacommunications.com 408-806-9626 Mark Cerminaro RapidAdvance mcerminaro@rapidadvance.com 800-467-2743