Frequently Asked Questions
- Is NRG A financial product broker?
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No. NRG offers financing designed specifically to solve cashflow problems for contractors and tradesmen. We offer you and your customers concrete and straight-forward financial products, each backed by a single financial institution.
Brokers can waste days of your time shopping around for a compatible product. That doesn’t help anyone solve a cashflow problem. Our products are already designed to be compatible with your business and can be used right away.
- Is NRG financing really unlimited?
- Yes, virtually. Our financing is designed to grow automatically with your revenue. Since we finance your projects, not you, we are able to offer financing for contracts of any size.
- Is NRG financing a revolving line of credit or a credit card?
- No. NRG does not provide an open all-purpose line of credit. NRG financing can only be used for projects that have valid contracts.
- Can NRG financing be used for new construction?
- In general, no. NRG financing requires you to have an end customer with a documentable revenue stream. Since the revenue stream for new construction doesn’t exist yet, it isn’t eligible for NRG financing.
- Will I be penalized if I don’t use my line of credit?
- No. Since NRG provides financing for projects, you are under no obligation to use our services. You can finance as many or as few of your projects as you want without any penalties.