SinglePoint’s (OTCQB: SING) Direct Solar America subsidiary is broadening its market reach and through a referral agreement, is partnering with a pioneer in solar financing, Dividend Financial. According to the update, the agreement significantly lowers cost of acquisition of new clients seeking to install or finance commercial solar projects that currently are not included in the offerings provided by Dividend Financial. The partnership allows Dividend to offer its clients a commercial solution by referring projects it is unable to entertain in-house to Direct Solar Capital to find a solution via Direct Solar Capital’s commercial lending partners. “The partnership serves huge benefits on both sides. Direct Solar Capital sees additional potential business and Dividend now can confidently explain to their client base they have a solution for every commercial inquiry,” Pablo Diaz, CEO of Direct Solar America, said in the news release. “I am proud of our business development group that identified a truly win-win-win situation for Dividend, Direct Solar and most importantly customers seeking commercial solar solutions. Dividend Financial is one of the nation’s largest residential lenders, with over 600 dealers in their network, but in the commercial realm, they only are able to lend with PACE financing, a state-provided lending solution available only in 22 states and the guidelines are fairly rigid.”
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About SinglePoint, Inc.
Founded in 2011, SinglePoint, Inc. invests in and acquires brands and companies that will benefit from injection of growth capital and its sales and marketing expertise. The company’s portfolio currently includes solar, hemp and technology applications. SinglePoint is working to grow the company to a multi-national brand. For more information, visit the company’s website at www.SinglePoint.com.
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