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Balboa Capital in Financing Partnership With Electric & Gas Industries Assoc.

June 14, 2013, 07:00 AM
Filed Under: Industry News

Balboa Capital announced that it has partnered with the Electric & Gas Industries Association (EGIA), a national non-profit energy efficiency and renewable energy contractor association. Balboa Capital will power EGIA’s nationally recognized GEOSmart Commercial Financing Program and provide custom-tailored finance solutions to EGIA members.

“We are excited to establish a partnership with the EGIA” said Steve Taylor, Director of Business Development for Balboa Capital’s Vendor Services Division, adding, “It expands our reach and enables us to facilitate financing programs for EGIA’s member contractors, distributors and manufacturers that deliver energy efficient and renewable energy solutions to commercial customers throughout North America.”

With the GEOSmart Commercial Financing Program, businesses of all sizes now have a comprehensive, quick and easy way to finance energy efficiency upgrades, including heating and cooling (HVAC), geothermal heat pumps, lighting, solar PV and solar water heating applications, refrigeration, energy efficient office equipment and more. The GEOSmart Commercial Financing Program is available for small businesses and retail, commercial and industrial facilities. Through the program, projects ranging from $5,000 to $5 million can be financed with lease terms up to 60 months.

EGIA selected Balboa Capital as its financing partner based on the company’s depth of experience and solid reputation in the industry. “Our new partnership with Balboa Capital dramatically enhances the GEOSmart Commercial Financing Program,” said Bruce Matulich, CEO of EGIA. “Balboa Capital’s aggressive rates, flexible terms, national reach, and state-of-the-art financing tools will allow us to deliver an unparalleled commercial financing solution to our member contractors, manufacturer and distributor partners, and government and utility clients.”

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