SinglePoint Inc.’s (OTCMKTS:SING) Direct Solar America has broadened its market reach after entering a referral agreement to partner with solar financing pioneer, Dividend Financial.
Direct Solar Capital to receive client referral from Dividend Financial
The partnership agreement will significantly lower acquisition cost for new clients that want to finance or install commercial solar projects. This included the projects that Dividend Financial doesn’t offer currently. Through the partnership, Dividend Financial will offer its customer base commercial solutions via referral of the project they don’t entertain internally to Direct Solar Capital. The clients will then find a solution through the commercial lending partners of Direct Solar Capital.
Pablo Diaz, the CEO of Direct Solar America, indicated that it will be beneficial to both Direct Solar Capital and Dividend Financial. He added that for Direct Solar Capital, this is a massive opportunity for potential business. On the other hand, they can confidently inform their customers about the offering of every commercial solution for Dividend Financial. The CEO acknowledged the business development group’s efforts terming the partnership as a win-win situation for the companies and clients.
Dividend financial serves only 22 states
Dividend Financial is one of the leading renewable energy financing solutions providers for commercial and residential properties. It is among the biggest residential lenders and boasts more than 600 dealers on its network. However, in the commercial space, they only provide PACE financing solutions, a state offered solution in 22 states with fairly rigid guidelines.
SinglePoint CEO Greg Lambrecht stated that the strategic partnership is a huge step that enhances the company’s ability to reach and serve more markets as well as grow revenues. Greg added that the Direct Solar team is ready to serve clients that will be referred by Dividend. Further, the CEO indicated that the team will support customers by providing the best possible solutions that meet their needs. In addition to serving more clients, Greg stated that this will help the company drive revenue growth and increase its asset value.
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