CoreLogic UK and TradeBridge join forces to unlock new finance for ECO installers

10th September 2024

ECO Advance releases additional working capital to drive growth.

CoreLogic U.K., the leading software and data supplier for the property services industry, has partnered with embedded finance provider, TradeBridge, to offer ECO Advance – a new, flexible, highly competitive finance product designed specifically for the energy efficiency market. This unique product advances funds based on an installer’s Work-in-Progress, freeing up additional working capital to drive growth.

Currently, challenging payment terms and the limited, inflexible finance available to installers from traditional providers can constrain their growth. TradeBridge has extended its finance portfolio to directly offer installers ECO Advance, which overcomes the barriers to accessing funds at this level. Now the financial needs of fast-moving, enterprising installer businesses can benefit from credit limits up to £5m.

Stewart McRae, Sales Director at CoreLogic U.K. commented:

“CoreLogic is committed to supporting the energy efficiency industry and, in turn accelerating the country towards 2050 Net Zero targets. To this end, CoreLogic and TradeBridge have jointly invested in integrating our retrofit management software PAS Hub, with Tradebridge’s finance product ECO Advance, so that it delivers a quick, seamless, installer experience – which in our view is a game changer. We’re excited to see how this new source of finance will enable the Retrofit installation sector to accelerate incremental growth.”

Lee Webster, Head of ECO Advance at TradeBridge added:

“Unlike other financial providers, TradeBridge advances money based on the value of the installer’s Work-in-Progress. Completion of each phase of a project is captured in real-time and its associated value is made available to the installer within 24 hours; giving installers immediate access to additional working capital.”

As one of the first installation firms to use ECO Advance through the PAS Hub software, Sam Paul, Commercial Director from Baxter Kelly Ltd said:

“As an installer already using PAS Hub, we were one of the first businesses to take advantage of the collaboration between CoreLogic and TradeBridge and start using the new embedded finance facility, ECO Advance. Being able to unlock the capital in our Work-in-Progress sooner, means we are already driving new business opportunities.”