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36th Street Closes $6MM Financing for Green Energy Company

October 09, 2019, 07:25 AM

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.”

36th Street Capital is an alternative funding source supporting the equipment finance industry. The firm specializes in transactions with middle market companies that find it difficult to obtain credit from traditional industry sources. It has offices in New Jersey, Utah and California. 36th Street Capital Partners, LLC is a joint venture affiliate of BlackRock TCP Capital Corp.

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