Based in Sonoma, California, Adam Capital extends senior-secured construction debt to rooftop-scale, clean energy projects throughout the United States. The company provides services by combining an asset-based lending model with expertise in navigating the complex market of incentive structures and utility rebates. Adam extends loans in the $500,000 to $5 million range to clean energy developers and installers. Loans are secured by significant assets, typically government rebates and industry incentives. When project installation is completed, these government payments are assigned to Adam Capital to repay the short-term loan.
They consider assets such as equipment; cash value of government and utility rebates and incentives; power purchase agreements; and lease agreements. They extend loans on a short-term basis, initially for a 6-to-12-month period to fund installation.