SAN FRANCISCO, Oct. 21, 2020 (GLOBE NEWSWIRE) — Business Capital (BizCap™) secured Progress Capital for Group Eco Energy LLC (CEP), a bunch working two vegetation in Massachusetts that convert waste to energy, concurrently offering sources for communities to implement profitable Waste-to-Vitality options. CEP’s purpose is to protect the land, preserve water, and cut back air pollution in a pursuit of sustainability and to construct the preeminent community-centered waste to power firm within the Northeast U.S.
Richard Fish, President & CEO of Group Eco Energy commented on the problem of navigating the enterprise by means of the pandemic and the benefit the brand new financing will present within the present market. “The BizCap crew has been an important useful resource for us in bringing ahead options to assist stabilize our companies,” he mentioned. “We have been within the means of finishing important capital enhancements when COVID-19 washed throughout the US. Whereas our enterprise stabilized, the monetary markets have been tougher to navigate. BizCap was terribly efficient in securing a brand new credit score facility for our companies. In a tough market and in file time, BizCap was in a position to put collectively the optimum financing answer, shut the transaction rapidly and place us for future development.”
“The BizCap crew was delighted to facilitate crucial capital, in the end aiding CEP with the financial and social challenges related to ever growing points associated to landfill disposal,” mentioned Chuck Doyle, Managing Director of BizCap. “It was an honor to work with the stakeholders and CEO of CEP, Richard Fish, whose management and mission is to do good for planet Earth by producing and selling sustainable, renewable power from waste.”
BizCap™ is a time-tested main industrial finance and advisory agency specializing in securing custom-made non-dilutive credit score primarily based options for quickly rising in addition to challenged center market corporations nationwide who require distinctive, well timed and tailor-made financing constructions to deal with their explicit wants, particularly when standard sources of capital should not an possibility. BizCap is a proud supporter of Crew IMPACT, a nationwide nonprofit that connects kids dealing with severe and continual diseases with native faculty athletic groups, forming life-long bonds and life-changing outcomes.
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