Aug. 5, 2004: PowerCold Adds Commercial Financing Program
LARGO, Fla. - PowerCold Corporation announced that it has received up to a $25 million financing program from a major commercial mortgage corporation. The finance program provides PowerCold and its customers with a funding source for its HVAC systems. The new financing program is effective immediately and will be used primarily by PowerCold ComfortAir Solutions Inc., a PowerCold company, for its commercial customers including hospitality, healthcare, leisure, and retail installations.
Frank Simola, PowerCold CEO, said, "The hospitality and healthcare industries are major growth markets for our unique energy-saving HVAC systems. This financing program provides very credible, secure financing to support total turnkey installations that now will include larger commercial building projects. We anticipate sales will more than double for our design-build business."