Business Capital, known as BizCap, secured growth capital for Community Eco Power, a group operating two plants in Massachusetts.
The two plants convert waste to power, providing resources for communities to implement waste-to-energy solutions. CEP’s goal is to preserve land, conserve water and reduce pollution in a pursuit of sustainability.
“The BizCap team has been a great resource for us in bringing forward solutions to help stabilize our businesses,” he said. “We were in the process of completing significant capital improvements when COVID-19 washed across the US. While our business stabilized, the financial markets were more difficult to navigate. BizCap was extraordinarily effective in securing a new credit facility for our businesses. In a difficult market and in record time, BizCap was able to put together the optimal financing solution, close the transaction quickly and position us for future growth,” Richard Fish, president and CEO of Community Eco Power, said.
“The BizCap team was delighted to facilitate critical capital, ultimately assisting CEP with the economic and social challenges associated with ever increasing issues related to landfill disposal,” Chuck Doyle, managing director of BizCap, said. “It was an honor to work with the stakeholders and CEO of CEP, Richard Fish, whose leadership and mission is to do good for planet Earth by producing and promoting sustainable, renewable energy from waste.”
BizCap is a commercial finance and advisory firm.
