Empower Equity Provides $2B in Critical Equipment Capital Funding During COVID-19

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 COVID-19 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 U.S. Marine, Herbert Dwyer, CEO and co-founder of EMPEQ said, “We deeply understand and share in the concerns that business owners and building managers are facing in these unprecedented times, and we 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.

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