​Financing

The right business loan will help you make solar lighting part of your long-term plan for success.
Here are the top five benefits of working with us for your financing needs, thanks to the short-term business loans offered by Balboa Capital.

Five Benefits of Short-Term Business Loans

1. They’re Fast and Convenient

While investing in making your business more energy-efficient, you may find your business short on funds. Time is of the essence, and you need cash fast. With a short-term business loan, you fill out a simple online application, qualify within one hour, and get the funds quickly. Unlike with other types of loans, no collateral is needed. Terms on loans from Balboa Capital range from three to 18 months, depending on your budget and needs.

Getting financing doesn’t have to be cumbersome. With a short-term business loan, you get what you need without any hassle. Then as soon as you get the cash you need, you can pay the loan off fast. You’re not left with a monthly loan payment for years to come.

2. They’re Easier Than Bank Loans‌‌

Financing under our new partnership means you don’t have to deal with the complicated, lengthy bank loan process. All you need to get qualified for a short-term business loan is the following:

• Records of operation for at least one year

• $300,000 or more in annual revenue

• A decent FICO credit score
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The process is conducted online, so you can apply from anywhere. These loans don’t have any of the upfront costs or hidden fees that some bank loans may have, either.

3. They’re Affordable

When you qualify for a short-term business loan, you’ll agree to a monthly payment that you can afford. You won’t be stuck with a payment that doesn’t align with your budget right now. Your loan terms, including monthly payment amount, loan period, and interest rate, will vary based on your credit history, the loan amount you need, and other factors. You can make sure all the terms look good before agreeing to move forward.

4. They Allow for Unrestricted Use of Funds

Other banks and credit unions may have a lot of restrictions on what loan funds can be used for. You may not even be able to get the loan unless the lender approves what you will be doing with it.

With short-term loans from Balboa Capital, there are no restrictions. You can use the loan proceeds for Greenshine’s solar solutions to help make the energy-efficiency updates your business needs — and that includes the costs of both the equipment itself as well as any and all installation costs. This is the kind of flexibility you have to have in order to keep your business moving forward. 

5. They Have Flexible Requirements

Balboa will consider all types of credit for solar financing. Even if you think your credit is too low for a loan, you may still qualify. If you’re curious what your terms would be, request a free quote. Your credit won’t be affected.

Learn More About Financing With Greenshine New Energy

When you need hassle-free solar financing, Greenshine and Balboa Capital offer a fast solution. You can get a loan for up to $250,000 using the short-term business loan option — all you have to do is fill out a simple online application. You’ll know right away if you’ve been approved, and then you can review all the terms to make sure they’re right for your business.

To fill out the equipment financing application online, you’ll just need to provide:

• Your business contact information

• Number of years in business

• Your business’s annual revenue

• A description of the equipment you want to finance
  

Once you’re approved, you can trust the arrangement you’ve made with Balboa Capital — the company has an A+ Better Business Bureau rating and has funded over $5 billion.

At Greenshine, we want your business to be able to use our solar solutions to become more efficient. Learn more about our commercial outdoor solar lights and check out our case studies in solar lighting.

If you have questions about solar financing and our partnership with Balboa Capital, don’t hesitate to contact us today.