The California Hub for Energy Efficiency Financing (CHEEF) and its GoGreen Financing program confirmed the approval of its inaugural Small Business Financing project, with DLL providing the project financing for the end user.

The customer, a private dairy farmer seeking to update lighting and install well pump variable frequency drives, enrolled in July, becoming the first-ever project financed under the program since its limited launch earlier this year. Through its enrollment in the program, the customer can expect a total operating savings of more than $130,000 per year, according to the installing contractor.

“We are proud to partner on GoGreen Financing’s first project, supporting a California business as it upgrades its operations to become more energy efficient,” said Dave Ingram, U.S. sales manager at DLL. “This is a monumental step in helping small businesses realize how they can reduce their environmental footprint without the upfront cost barrier, as well as helping California meet its energy goals.”

As part of its commitment to sustainability, and through its partnership with CHEEF, DLL supports California’s goal to reduce greenhouse gas emissions by providing a suite of attractive financing solutions for California businesses and non-profit organizations, all supported by local DLL representation in California. Available financing solutions include loans, leases, and service agreements, some of which can be completely paid for by the energy savings resulting from the project.

Founded in 1969 and headquartered in Eindhoven, The Netherlands, DLL is a global vendor finance company with more than €30 billion in assets. It provides asset-based financial solutions in the agriculture, food, healthcare, clean technology, construction, transportation, industrial, document imaging and technology industries.