SunLink Corporation has engaged Silicon Valley Bank (Nasdaq: SIVB) to provide a new line of credit and other financial services in support of the company's continued expansion.
San Rafael, Calif., June 24, 2015 — As part of the company's expansion from a leading PV mounting systems manufacturer to a full-scope solar energy solutions company, SunLink Corporation has engaged Silicon Valley Bank (Nasdaq: SIVB) to provide a new line of credit and other financial services in support of the company's continued expansion. Well known for successfully backing high-growth companies for the past 30 years, Silicon Valley Bank will provide invaluable support to SunLink as the company explores new opportunities to advance universal solar adoption.
"SunLink is on a high-growth trajectory, with a recent acquisition of leading tracker technology and financings that scaled our solutions to best serve national and regional partners alike," said Michael Maulick, CEO of SunLink. "We're investing significant financial and human resources not just to continue to engineer superior products and grow our portfolio of successful projects, but also in bringing to market services that will help take our industry to the next level. We needed a banking partner with the vision and experience to collaborate with us on that journey, and SVB is a financial institution that understands the intricacies of the high-growth company experience."
"We aim to build lasting relationships with our innovative clients who are at the forefront of their industries," said Matt Maloney, head of Energy and Resource Innovation for Silicon Valley Bank. "SunLink is a clear leader in the solar industry, and we are proud to be the preferred financing partner to fuel their accelerating momentum in the market."
"Fostering relationships is the underlying key to success in the financing business. Having collaborated with Michael Maulick in prior capacities, we look forward to building on that foundation of successful partnership as we help propel SunLink forward, and by extension, contribute to the elevation of the solar industry," said Dan Baldi, managing director of Silicon Valley Bank in San Francisco.
Guided by an enduring commitment to R&D, SunLink is advancing universal solar power adoption by continuing to innovate highly engineered photovoltaic system products that make solar easier, safer, more reliable and less expensive to install. Our industry‐leading roof-mount, ground-mount and tracker systems, combiner boxes, and wire management tools have been proven on commercial and utility projects across North America. For more information, visit www.sunlink.com or follow twitter.com/sunlink.
About Silicon Valley Bank
For more than 30 years, Silicon Valley Bank (SVB) has helped innovative companies and their investors move bold ideas forward. SVB provides targeted financial services and expertise through its offices in innovation centers around the world. With commercial, international and private banking services, SVB helps address the unique needs of innovators. Forbes named SVB one of America's best banks (2015) and one of America's best-managed companies (2014). Learn more at svb.com.
Silicon Valley Bank is the California bank subsidiary and commercial banking operation of SVB Financial Group (Nasdaq: SIVB), and a member of the FDIC. Silicon Valley Bank and SVB Financial Group are members of the Federal Reserve System.
Christine Bennett for SunLink