36th Street Closes $6 Million Financing for Green Energy Company
October 8, 2019
Source: 36th Street Capital Partners, LLC
36th Street Capital announced a recently funded a $6 million equipment financing for a leading energy services company that provides fuel cell solutions to commercial clients.
“This was a sale lease back for a green energy company experiencing rapid growth, servicing Fortune 500 companies” said Mark Horan, Chief Growth Officer at 36th Street. “Based on the collateral, business model and strong customer base, we were able to get comfortable with the company’s path to profitability. We were pleased we could structure a transaction that provided additional liquidity to the company and achieved a successful outcome for our origination partner.”
About 36th Street Capital
36th Street Capital Partners, LLC is an independent provider of alternative funding solutions for the equipment financing industry. With offices in New Jersey, Utah and California, the firm provides growth capital or liquidity options to middle market companies nationwide through loan and lease transactions. 36th Street Capital Partners, LLC is a joint venture affiliate of BlackRock TCP Capital Corp (NASDAQ: TCPC). For more information, visit www.36thstreetcapital.com.
