SunLink Closes $10M Credit Facility with Heritage Bank of Commerce
FOR IMMEDIATE RELEASE
SunLink Closes $10 Million Credit Facility with Heritage Bank of Commerce
Mill Valley, Calif., March 14, 2017 — As part of the company’s evolution from respected solar engineering powerhouse to one of the fastest growing EnTech companies in the country, SunLink Corporation has engaged Heritage Bank of Commerce to provide an expanded line of credit and other financial services in support of continued expansion.
“SunLink’s business is accelerating on every front, and we needed a financial partner able to support that sort of rapid, multi-faceted growth,” said Michael Maulick, CEO of SunLink. “We’re simultaneously delivering hundreds more MWs of tracker and other mounting systems for utility-scale solar projects worldwide, scaling our PowerCare services division to better serve the needs of the C&I market, and continuing to invest in the development of our VERTEX software as the platform with the potential to transform the economics of the entire energy industry. Heritage Bank of Commerce is a financial institution that understands the needs of a high-growth company and sees the potential of the energy future toward which we are driving.”
“We are very pleased to be working with SunLink,” said Mike Hansen, senior vice president, Corporate Finance at Heritage Bank of Commerce. “We feel our line of credit will assist with their capital needs as they continue to grow and we look forward to a successful partnership."
Guided by an enduring commitment to R&D, SunLink is advancing universal solar power adoption by continuing to innovate highly engineered photovoltaic system products that make solar easier, safer, more reliable and less expensive to install. Our industry‐leading roof-mount, ground-mount and tracker systems, combiner boxes, and wire management tools have been proven on commercial and utility projects across North America. For more information, visit www.sunlink.com or follow twitter.com/sunlink.
About Heritage Commerce Corp
Heritage Commerce Corp, a bank holding company established in February 1998, is the parent company of Heritage Bank of Commerce, established in 1994 and headquartered in San Jose with full-service branches in Danville, Fremont, Gilroy, Hollister, Los Altos, Los Gatos, Morgan Hill, Pleasanton, Sunnyvale, and Walnut Creek.
Heritage Bank of Commerce is an SBA Preferred Lender.
Bay View Funding, a subsidiary of Heritage Bank of Commerce, is based in Santa Clara and provides business-essential working capital factoring financing to various industries throughout the United States.
For more information, please visit www.heritagecommercecorp.com.
# # # #