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NFS Leasing, Inc. Extends Financing for Aura Energy Services

February 24, 2021, 07:14 AM
Filed Under: Energy
Related: Energy, NFS Leasing, Solar

NFS Leasing, Inc., an independent equipment financer, has provided $300,000 in financing to Aura Energy Services for pile driving equipment.

With large scale solar projects growing rapidly and a shortage of companies to drive posts to support the mounting, Aura set out to meet that demand. "We developed a solid business plan and needed to invest in equipment to support it. However, traditional financers could not align with our plan and would not fund the equipment we needed. It was frustrating, to say the least,” said Patrick Morgan, Chief Executive Officer and founder of Aura Energy Services.

"Opportunity was knocking at the door, contracts were lining up and Aura needed a finance partner to help set them up to succeed. A problem we solve each day," said Brett Poteet, Vice President Business Development, NFS Leasing, Inc. "At NFS, we work to find finance solutions so businesses like Aura can get the equipment needed and get their plans in motion. We did just that."

Completing the finance agreement with NFS Leasing has allowed Aura to expand its offering and leverage the technology to grow its business.

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