Sam Panjwani

Rego Park, NY (USA)
Role(s):
Other

Basic Solution, Inc

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Location: White Hall
Industry: Energy
Year Founded: 2021
Number Employees: 1-10 people
Business Stage: Creation/Idea
Entity Type: "S" Corporation
Description: Greetings, Subject: Term Loan or Equity Investment in Solar Power Plants Type of Business: Startup Founders of company: A Team of experienced engineers having worked in related electrical engineering field for years Source of Income: Production of Electric Power using Solar Panel system installed on user's property (a) Investment Tax Credit (b) Accelerated Depreciation of Solar Plant (c) Income from production of free electrical power for 20 to 25 years. Gestation Period: 2 to 3 months Types of Investment Options Needed for Solar System Installation. General: Apex wholesale, Inc ( A division of Basic Solutions, Inc an Arkansas Company ) is Startup company launched by a team of engineers having years of experience in electrical engineering field. The Executive Summary is described in a file enclosed with the email to follow. (A) Term Loan: Amount: $150,000.00 to $500,000.00 This can be one of a kind loan or on Revolving Basis. ( i.e. once one loan is used and paid off, another loan for next project can be initiated at the option of the Investor. Duration: [1] 3 to 6 months [2] 5 to 6 years [3] 6 to 12 years Security: Lien on the Physical Intalled Solar System on the Customer's property. Source of Income to Service the Loan: Free Electricity produced by the installed Solar System on Customer's Property and electricity will be sold to customer by a Power Purchase Agreement for the contracted period ( which is normally20 t0 25 years). (B) Equity Participation by Investor: [1] Comiting the Investment right from the beginning of the project for a minimum period of 5 to 6 years on mutually agreed equity sharing partnership. [2] Same as above but for period of 12 or more years. [C] Income Tax Credit Equity Participation: on mutually agreed terms for a period of 6 to 12 years. [D] Leasing the System to Customer: Investment in the solar System to be Leased for 10 to 12 years to the customer. Terms to be mutually agreed between Apex and Investor. Company Website: (URL removed) and (URL removed) email: (URL removed) Thank you for your time Sincerely Sam Panjwani Apex Wholesale, Inc