Empower Equity announces $2 Billion in Funding to Provide Critical Equipment Capital during COVID-19

ITHACA, N.Y. - April 14, 2020 - Empower Equity (EMPEQ), a service-disabled veteran-led fintech company focused on delivering equipment and project financing for commercial and industrial buildings, has broadened its portfolio with over $2 billion in available funding. With this fund, EMPEQ can provide immediate financing, ranging from $10,000 to $10 million, for small- to mid-sized organizations to upgrade their essential building equipment—such as HVAC systems, chillers, and boilers—with new systems. This funding is designed to help companies critical to the fight against the Coronavirus keep their buildings and equipment operational, preserve capital amidst the current economic slowdown from COVID-19 and to cover the gap between their true need and the government stimulus they will receive.

Former US Marine, Herbert Dwyer, CEO of EMPEQ, co-founder of the service-disabled veteran owned and led company said, "We deeply understand and share in the concerns that business owners and building managers are facing in these unprecedented times, and are eager to help ease that burden in as many cases as we can. This funding is our way of helping companies and building owners optimize cashflow and ensure business continuity. It will also provide much needed work for professionals installing HVACR, lighting, and other equipment."

With the developing situation in mind, the funding will prioritize businesses classified as essential in the fight against the pandemic, including hospitals, medical facilities, pharmacies, telecommunication providers, long-term care, and banks. EMPEQ will also accept applications from nonessential business owners looking for help to ease financial challenges stemming from COVID-19. While the CARES ACT is focused on providing essential working capital, and is flooded with requests, already exceeding initial expectations, EMPEQ has alternative private sources.




EMPEQ is uniquely positioned to help organizations struggling with the current business climate through its program, designed to fund projects faster than other companies. The suite of online tools developed to expedite the application can be completed in less than 5 mins at: www.empeq.co/unfinance.

According to a recent report from the American Society of Heating, Refrigeration and Air-conditioning Engineers (ASHRAE), improved airflow and recycling capabilities in HVAC systems can reduce airborne transmission of infectious diseases by diluting and removing the infectious agents from the area. For this reason, several leading industry experts are predicting a renewed emphasis on replacing HVAC systems in a wide variety of commercial buildings in the next year.

To learn more about EMPEQ's subscription-based financing or apply for funding, please visit www.empeq.co or call (347) 903-6737.

Contact
Claire Kelly

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