Noesis Launches Promotional Financing for Energy-Saving Equipment
Includes HVAC equipment such as chillers, boilers, and building control systems
AUSTIN, Texas — Noesis, an online lending marketplace for financing energy-saving equipment such as HVAC, lighting, and other commercial building improvements, has announced the launch of a promotional financing program to help accelerate the sales of its partners. The company also announced the appointment of Capital One and Walmart veteran, Hiren Patel, as chief credit officer, who will lead Noesis’ new finance program.
Noesis’ promotional financing addresses a major obstacle in selling new chillers, boilers, building control systems, and other commercial energy-saving equipment — nearly 70 percent of the purchases proposed do not get approved due to lack of budget. Noesis’ program offers attractive terms to overcome these budget constraints and help significantly increase project approval rates. Participating partners can now offer their customers flexible financing terms such as ‘same as cash’ financing (including zero interest and no interest, no payment options) and reduced interest rate financing on equipment.