SunLink Closes $10 Million Credit Facility with Heritage Bank of Commerce
As part of the company’s evolution from respected solar engineering powerhouse to one of the fastest growing EnTech companies in the country,SunLink Corporation has engaged Heritage Bank of Commerce to provide an expanded line of credit and other financial services in support of continued expansion.
“SunLink’s business is accelerating on every front, and we needed a financial partner able to support that sort of rapid, multi-faceted growth,” said Michael Maulick, CEO of SunLink. “We’re simultaneously delivering hundreds more MWs of tracker and other mounting systems for utility-scale solar projects worldwide, scaling our PowerCare services division to better serve the needs of the C&I market, and continuing to invest in the development of our VERTEX software as the platform with the potential to transform the economics of the entire energy
industry.
Heritage Bank of Commerce is a financial institution that understands the needs of a high-growth company and sees the potential of the energy future toward which we are driving.”“We are very pleased to be working with SunLink,” said Mike Hansen, senior vice president, Corporate Finance at Heritage Bank of Commerce. “We feel our line of credit will assist with their capital needs as they continue to grow and we look forward to a successful partnership.”
Source:Sunlink
