Excerpt from Burlington Free Press
Two growing Vermont companies specializing in renewable power and natural-resource efficiency have received a total of $600,000 in investments from Flexible Capital Fund L3C, according to a statement from the low-profit financier.
“Royalty financing” of $400,000 — to be paid back as a percentage of profits rather than a monthly payment — was secured to Northern Reliability, a Waitsfield-based company specializing in microgrid energy management and storage, the fund announced Thursday.
A loan of $200,000 was made to Colchester-based Pulmac Systems International, a firm that makes testing equipment for the pulp and paper mill industry.[su_button url=”http://www.burlingtonfreepress.com/story/money/2015/11/19/600000-invested-vt-green-businesses/76043300/” background=”#8bc63f” radius=”0″]Read the Full Article[/su_button]