NEW YORK, Sept. 14, 2017 /PRNewswire/ -- Vantage Commodities Financial Services, LLC ("Vantage") announced that it has provided a $10 million credit facility to GB Power, a retail energy company based in Texas.
Commenting on the financing, Vantage's President, Sumit Takkar stated "We are excited to be a financial partner of GBPOWER. Our expertise in retail energy sector allowed us to move quickly to provide a flexible solution to meet the needs of the company. GBPOWER is a well-capitalized company with a high potential for growth. We look forward to working with them and supporting their growth."
GB Power's CEO, Luis Cantu, added "We are very pleased to work with Vantage. They have been helpful and confident of GBPOWER's potential. This facility will help us with the execution of our growth strategies."
Vantage is a specialty finance company which provides cost effective and flexing financing solutions with a focus on energy sector. It has special expertise in providing financing to retail energy companies operating in the North American deregulated power and natural gas markets. Vantage is financed by an A-rated banking institution as a strategic partner. Founded in 2011 and headquartered in New York City, Vantage seeks financing opportunities in the $5 million to $50 million range.
About GB Power
GBPOWER was established in 2016 by its founders, partners & executive officers who hold 30 years of combined experience in the Retail Energy Industry. GBPOWER aims to strengthen its "Brand" by building on success through its industry leading experience platform. GBPOWER emphasizes its commitment to provide significant energy "COST SAVINGS" to Commercial & Industrial Entities, as well as Residential Customers.
SOURCE Vantage Commodities Financial Services, LLC