When you think of business financing and leasing relationships, most times there is an assumed one-to-one association between the business and the financing company. There are, however, more complex business partnerships that require financing alternatives. As a lender in this multi-party relationship, being able to provide fast and effective cash flow solutions through quoting tools and other technology enhances these important partnerships.
Take the recent Be-Energy LED lighting conversion program for 10 Independence Village locations. Ascentium Capital provided cash-flow positive financing terms as part of their customized program with Be-Energy and Michigan Saves, a non-profit that aims to bring affordable energy improvements to Michigan businesses.
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When Independence Village, a community of luxury senior living facilities, took a close look at cost-saving opportunities across their numerous facilities, they turned to Be-Energy Solutions and Michigan Saves to determine the potential of upgrading to LED lighting at 10 of their locations.
Be-Energy Solutions, a turn-key LED lighting conversion solutions provider quickly proposed and rolled out a program that could be financed by Ascentium and implemented through the Michigan Saves program. Ascentium developed an affordable financing program that supported Independence Village's complex organizational structure and cash flow needs.
This energy efficiency initiative allowed Independence Village properties to control their energy costs – both through kilowatt hours used and direct energy costs – while providing better lighting for their senior living community and reducing their overall environmental footprint.
The synergies and partnership opportunities did not end there. Be-Energy Solutions has leveraged the success of their relationship with Michigan Saves, and their experience working with Ascentium over the years to expand their LED conversion solutions to a broader market.
The power of partnership, and being able to offer the tools to allow fast, streamlined financing options is very important in these types of energy efficiency programs. Ascentium works with many programs nationwide to help America save.
Learn how you can energize your business and cash flow by contacting Ascentium Capital today. Working with a financing partner that can offer fast answers and low-cost solutions will make your future bright.