Sunstone Unveils Express Loan: A Faster and Simpler Solar Financing Option for Small Businesses

Sunstone, a commercial solar loan platform dedicated to helping businesses transition to clean energy, has introduced a new loan product called Express Loan. This innovative offering aims to streamline the application process for small business solar loans under $250,000, making it faster, simpler, and more accessible.

Despite the numerous benefits of solar energy, many small businesses struggle to secure financing for their solar systems. Traditionally, they have had to rely on cash payments or navigate cumbersome financing options, often leading them to forgo solar altogether. With the introduction of Express Loan, Sunstone is empowering millions of small businesses across the country with quicker and easier access to solar financing.

Chan Tai, VP of Credit Automation at Sunstone, highlighted the challenges small businesses face in accessing solar financing through traditional banking channels. He emphasized Sunstone’s commitment to making solar energy accessible by providing swift and straightforward financing options that are often more cost-effective than conventional utility bills. Express Loan accelerates this transition to solar energy and savings for businesses.

Express Loan simplifies the solar financing process for small businesses in several key ways:

1. Easier Application: Applying for an Express Loan online takes just a few minutes and requires less paperwork compared to traditional loans, eliminating the need for time-consuming visits to local banks.
2. Simpler Process: Loans can be approved quickly without the need for multiple stakeholders or layers of approval, streamlining the process for businesses.
3. Faster Savings: With quicker loan approval, customers can expedite their solar projects and begin saving money and reducing their environmental footprint with clean energy sooner.

The Express Loan option is available to commercial customers of Sunstone’s approved installation partners. Eligible businesses include for-profit and property companies with a minimum of three years in business or co-signers who own the property.

Overall, Sunstone’s Express Loan offers small businesses a seamless and efficient pathway to embrace solar energy, enabling them to reap the benefits of cost savings and environmental sustainability more swiftly and effectively.