Concord and ORKA Finance have joined forces to provide innovative and efficient loan servicing for the commercial solar market. Concord, a reputable loan servicer with a proven track record of delivering compliant, flexible, and scalable portfolio servicing solutions, is excited to partner with ORKA Finance, a premier provider of commercial solar loans for small businesses and nonprofits.
According to Connie Chern, CFO and Co-Founder at ORKA Finance, the partnership with Concord will enable them to integrate a best-in-class servicing experience for their borrowers while focusing on a better, simpler credit underwriting and funding process for contractors and their customers. ORKA Finance aims to eliminate traditional commercial lending frustrations by leveraging technology to improve the lending experience, resulting in faster credit decisions, better terms, lower rates, and maximized approvals and savings.
Shaun O’Neill, President and Chief Revenue Officer at Concord, expressed his excitement about partnering with ORKA Finance, recognizing their efforts in solving the problems that have historically slowed the adoption of commercial solar. He emphasized Concord’s understanding of the industry’s unique challenges and complexities and their commitment to helping ORKA Finance increase the financial accessibility of commercial solar energy through technology.
The ORKA team was impressed with Concord’s experience in working with rapidly-growing, early-stage companies looking to disrupt the traditional status quo in their industry. Chern also highlighted Concord’s flexibility and creativity in supporting new types of lenders, emphasizing the confidence that the partnership with Concord gives to their investors.
Concord, with over three decades of experience, has delivered award-winning financial technology and support for unparalleled efficiency, accuracy, and flexibility. Their global presence and facilities in the United States and Mexico allow them to serve clients worldwide.
ORKA Finance, founded in 2020, is a leader in providing commercial solar loans for small businesses and nonprofits, partnering with reputable contractors and developers to facilitate rapid credit decisions and loan funding for their customers. Their intuitive process empowers solar contractors to grow their businesses while helping small business and nonprofit customers transition to clean energy and achieve cost savings.
By coming together, Concord and ORKA Finance aim to revolutionize the commercial lending and loan servicing experience for the solar market. With Concord’s advanced technology platform and ORKA Finance’s commitment to using technology to improve the lending experience, this partnership is set to deliver significant benefits to borrowers, investors, and the commercial solar industry as a whole.
In a nutshell, the partnership between Concord and ORKA Finance marks a significant step forward in advancing the accessibility and affordability of commercial solar energy through innovative and efficient loan servicing solutions.
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