Business Capital (BizCap) provided a $4 million growth capital facility to KACO, a foreign owned, U.S.-based manufacturer and distributor of PV inverters for use in residential, commercial and utility solar installations in the U.S. and Canada.

BizCap was introduced to KACO by a lender that was unable to provide a credit facility, but was interested in securing the treasury management business. BizCap was able to deliver a $4 million credit facility which will put KACO in a position to take advantage of the growing solar tech market in the U.S.

“We are excited to have played a part in making it possible for our client to provide more clean energy options and jobs here in the US. Utility customers and regulators are increasingly demanding that electricity come from clean sources, like solar and wind, and KACO is now in a position to benefit America’s economy and the environment,” said Chuck Doyle, managing director of BizCap.