Company Research Report: Sunstone Credit, Inc.
Company Overview
- Name: Sunstone Credit, Inc.
- Mission:
- To democratize access to solar for all businesses by providing flexible financing solutions.
- To tackle climate change by enabling every segment of the solar market, focusing particularly on small and medium-sized businesses.
- Founded: No information is available.
- Key People:
- Josh Goldberg – Chief Executive Officer
- Sumbul Alvi – Chief Technology Officer
- Ashley Cox – General Counsel
- Mike D'Andrade – Chief Risk Officer
- Duncan Hinkle – Chief Commercial Officer
- Scott Muckleroy – Chief Financial Officer
- Susan Tanski – Chief Strategy Officer
- Headquarters: 37 W 20th Street, Suite #808, New York, NY 10011
- Number of Employees: No information is available.
- Revenue: No information is available.
- Known For: Providing commercial solar loans and democratizing access to solar energy for businesses of all sizes through an efficient digital application process.
Products
Flexible Financing Solutions
- Description:
- Sunstone Credit offers commercial solar loans aimed at businesses of all sizes to help them transition to solar energy with borrower-friendly terms and an efficient digital application process.
- Key Features:
- Flexible Tenors: Loan terms range from 5 to 20 years.
- Scalable Sizes: Loan amounts can range from $50k to $5m.
- 100% Financing Available: Offers complete financing without pre-payment penalties, promoting ease in their sales process.
- All-Digital Process: The application process is entirely digital, providing convenience and eliminating paperwork, enabling businesses to have full control over transactions.
- Adaptable for Various Sectors: Designed for sectors such as storage, franchises, multi-family, industrial, retail, and agriculture.
- Lien Light Attachment: No real property liens are attached; the collateral is the solar system itself with limited personal guarantees.
Recent Developments
- New Products & Features:
- Express Loan: Introduced to facilitate quick and easy small business solar financing as of February 2024.
- Acquisition of ORKA Finance: Acquired to make solar more accessible to businesses of all sizes as of January 2024.
- Partnerships:
- DLL Partnership (May 2024): Formed to accelerate the adoption of renewable energy across the U.S.
- M&T Bank Partnership (April 2024): Joint program initiated to provide more businesses with access to affordable solar financing.
- In Media:
- Coverage of Sunstone Credit’s efforts includes projects such as the $5 million, 2.8 Megawatt project portfolio for King Energy in California (August 2024) and the power solar installation project at Baltimore's E. Biddle Street (December 2024).
- Industry Engagement:
- Hosted discussions at events such as Evercore ISI Fireside Chat and in podcasts including Entrepreneurs for Impact.
- Recent Projects Financed:
- Examples of diverse projects across the U.S., such as Trenton Corrugated Products (Trenton, NJ) and Browne Family Winery (Windsor, CA).
Additional Information
- No additional commentary or unsolicited remarks included as per instructions.
-For more information, Sunstone Credit invites potential partners to engage with their digital network or reach out via provided communication channels such as [info@sunstonecredit.com](mailto:info@sunstonecredit.com) or call at (800) 383-4910.