$2,000,000 A/R growth facility for EV charging station provider

$2,000,000 Accounts Receivable Growth Capital Facility

Electronic Vehicle Charging Station Provider Seizes Growth Opportunity

CLIENT

This Maryland-based company is one of the leading electric vehicle (EV) charging station manufacturers in North America. The company has three revenue streams; equipment sales, maintenance revenue and network service fees.

SITUATION

and network service fees are paid to the company in advance, but in order to optimize the Electrify America program, the manufacturer needed additional working capital to speed up their cash flow cycle.

FINANCIAL SOLUTION

Accord was able to meet the company’s growth needs by providing a notification, recourse growth capital facility, using equipment sale receivables. The solution offered immediate working capital for the company to capture leading growth opportunities in the industry.

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