If you’re an entrepreneur navigating the world of government contracts, it’s likely you’ve struggled to secure funds to complete your project. Have you been told to simply figure it out alone, leaving you feeling overwhelmed and stuck in a financial puzzle? The pain of hitting financing gaps and missing out on valuable opportunities may be all too real.
Financing the Shift: How to Leverage Grants & Incentives for Business Success
But what if there’s a better way to close those gaps and achieve successful financing for your projects? In this episode of the Napkin Numbers podcast, Scott Lundt and Rahsaan Freeman reveal the secrets they’ve uncovered in financing and implementing projects, including securing grants for EV charging stations and closing financing gaps in energy efficiency.
Scott and Rahsaan draw parallels between their commercial capital experience and manufacturing, taking the lessons from investment banking to increase access within the efficiency movement.
Napkin Numbers Talking Points
[0:00] Introduction and Background.
- Scott introduces the podcast and discusses the transition from financing and investment banking to manufacturing.
- The conversation touches on the connection between electrification and finance.
[1:12] Working with Agencies on Electrification
- Rahsaan explains their work with the Washington Department of Commerce and the challenges faced by businesses in meeting the 25% match requirement for grants.
- They discuss their unique approach to solving electrification problems through finance.
[4:16] Financing Electrification Initiatives
- The conversation delves into the various financing options available for electrification projects, such as state-level incentives, utility incentives, and the use of operating lines of credit and installment loans to bridge financing gaps.
[7:02] Parallel to Business Financing
- Scott draws parallels between financing electrification projects and financing business ventures.
- He emphasizes the availability of federal, state, county, and city-level funding and encourages listeners to explore these options.
[9:18] Opportunities in Energy Efficiency and Electrification
- The discussion concludes with a focus on the opportunities in the energy efficiency space, particularly regarding electrification.
- Scott and Rahsaan emphasize the growth of electrification initiatives and the numerous ways to finance such projects.
Funding sources are available to many different entrepreneurs, but finding that funding and bridging the gaps can be daunting! Freeman Lundt has decades of experience in financing and implementing efficiency and electrification projects, such as securing grants for EV charging stations and closing gaps in funding.
From Federal grants to local incentives, these opportunities don’t last forever. Call Freeman Lundt or visit our website if you’re ready to act today before those funds disappear.
Freeman Lundt is here to help you plan your business’s growth and exit from your business on your terms. The #1 question of CEOs looking to grow or sell their business is always, what is my business worth? Don’t worry, we have a free, confidential, industry-leading tool for that! Please use our complimentary business evaluation calculator to determine your business’s worth.
