SunFunder is a business with a mission to propel off-grid solar energy around the world. We specialize in a relationship-centered, efficient and scalable customer partnerships with solar businesses and provide short-term inventory and project finance loans for them to achieve scale.
See current and past projects by our partners here.
SunFunder engages in a rigorous process to identify and select solar partners that have a long-term potential to make an impact:
Step 1: Screening
Step 2: Due Diligence Process
Step 3: Internal Review and Loan Execution
Step 4: Partnership Launch
Step 5: Monitoring
Partners must meet a basic set of criteria in order to fundraise for a project.
If you meet this basic set of criteria to become a partner of SunFunder and would like to learn more, please contact email@example.com.
If a solar enterprise meets SunFunder’s minimum criteria, we proceed to the due diligence process. SunFunder evaluates the enterprise in a number of areas, including:
We will hold a series of Q&A phone calls, conduct a site visit, and ask that the enterprise submits documentation detailing its operations. These documents include:
SunFunder’s Project Investment Officer will submit a report to SunFunder’s Investment Committee to review the level of risk associated and the loan terms proposed for final approval.
Once approved, we will execute a Master Loan Agreement. To date, we have targeted loan agreements ranging from $50,000 to $500,000.
Our loan terms to date have ranged 12–18 months repaid on a quarterly basis, but we will consider up to 3 years. We do charge a financing cost, which varies based on the risk profile of the company determined during the due diligence process.
The first project loan will typically range from $10,000 to $50,000 and be launched through our crowdfunding platform. As the solar partner builds a positive working relationship with SunFunder, subsequent project loans of larger amounts within the Master Loan Agreement can be disbursed with little administrative work and sourced through both the crowd investment platform and SunFunder’s Solar Empowerment Fund. By positive working relationship we mean reliable communication, timely repayments, and proof that the enterprise is hitting milestones determined during the Due Diligence process.
We will conduct monthly or bi-monthly partnership check-in calls to discuss status of existing projects and repayments, future project opportunities and other partnership matters and ideas. Some of our existing partners also send us Quarterly Reports as an easy way of updating us on the general business. Our pipeline team will also conduct site visits, when appropriate.
For quarterly updates we send to our funders we’ll need a status report on: