Pinnacle Capital Finance Provides a $4 Million Line of Credit Coupled with a $2.5 Million Inventory Line to a Renewable Energy Company

Pinnacle Capital Finance is happy to announce the issuance of a $4MM line of credit with a $2.5 million inventory sub-feature to a power and cooling systems manufacturer. This Southern California company burst onto the market in the 1970’s with their solar powered vaccine refrigerator/freezer that has been utilized in various isolated areas of the world. They have since successfully applied their solar related expertise by expanding into the renewable energy sector. They provide products to the telecommunications, defense, marine, oil and electric vehicle industries.  

The Pinnacle Capital Finance loan structure provides a $4,000,000 Accounts Receivable line of credit combined with an Inventory Revolving Line of Credit of $2,500,000. The company plans to use these funds to bolster their growth.  Kevin O’Hare, President of Pinnacle Capital Finance said: “We are delighted to partner with this innovative company and provide them with the working capital financing necessary to fulfill orders associated with their significant backlog. Particularly, in support of the national 5G Network rollout.”

Pinnacle Capital Finance is a division of Pinnacle Bank, a full-service community business bank dedicated to providing quality depository and credit services. Pinnacle Capital Finance offers an array of Asset Based Lending services to growth companies. Our loans range in size from $250,000.00 to $5 Million. We offer a full range of financial products including accounts receivable and inventory financing, factoring, purchase order as well as term loans.  For more information, visit www.pinnacle.bank.