UK’s Funding Circle, the Small Business Loans Platform, Teams Up with Rainbow Energy

Rainbow Energy says they have some updates for their business customers.

They are now working with Funding Circle (LSE: FCH), which claims to be the leading platform for small business loans, as a trusted partner in order “to help small businesses get the infrastructure in place to make the switch to clean energy.”

‍This partnership will “enable eligible Rainbow business customers to get fast, affordable access to finance to help with solar purchases.” By making the switch to clean energy, small businesses can “minimize ongoing energy costs, while contributing towards meeting societal Net Zero.”

If you are looking to take control of your energy supply and become your own provider by installing solar panels and battery storage. Making it happen is now “more convenient than ever before,” according to a blog post.

Thanks to their collaboration with Funding Circle, customers now “have the opportunity to apply for a business loan through our exclusive partner page.”

Funding Circle says that it “stands as the UK’s #1 platform for business loans.”

They further claim to “have earned a reputation as leaders in small business lending, having already assisted over 135,000 businesses worldwide in accessing more than £15 billion.”

‍Through this partnership, Rainbow Energy customers “can get help with installing solar and battery storage by applying for a business loan or for FlexiPay, a flexible line of credit.”

This allows you “to maintain flexibility in managing your cash flow and spreading out your business costs whilst adopting clean energy solutions and gaining greater control of your energy costs.”

The plummeting prices of solar panels, “down by over 60 percent since 2010, combined with the surge in energy bills, make solar installations cost-effective typically within seven years”

Leveraging Funding Circle’s instant decision tool, their customers can “complete the finance application process in as little as 10 minutes on average, receiving a decision in as little as 1 hour.”

Once you meet the eligibility requirements, Rainbow Energy will notify you “about the application process and assign an account manager to guide you through every step of the way.”

Their collaboration with Funding Circle offers Rainbow Energy customers “a streamlined process for obtaining affordable financing for our products.”

They are pleased to unveil this partnership and eagerly anticipate the opportunity “to support more businesses in their efforts to save money and enhance their energy efficiency.”

‍As clarified in the update, this data/insights are “based on historic electricity price inflation, which has typically been ~7% year-on-year, and the generation capacity of the solar panels installed, including allowing for degradation.”

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