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.

Read the Full Article