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Tech Capital, LLC provides Taronis Fuels, Inc with a $ 10 million asset-based credit line.

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Loans to help Taronis fuel expand into new markets

San Jose, CA, November 18, 2020 (GLOBE NEWSWIRE)-TechCapital, LLC, an asset-based financial firm and a wholly owned subsidiary of TechCU, today announced that it has provided a $ 10 million asset-based revolving line did. Taronis Fuels, Inc., a publicly traded company based in Peoria, Arizona, a global producer of renewable and socially responsible fuels. It is due to the achievement of. This loan will support the expansion and development of Taronis fuel.

The loan represents Tech Capitals’ continued focus on providing innovative customer-centric solutions to growing companies across the United States and is one of Tech Capitals’ largest loans to date.

We believe in partnering with our clients to provide flexible financing solutions so that they can pursue growth opportunities. Joe Anzalone, Managing Director of Tech Capital, LLC, is pleased to do just that with Taronis Fuels. This loan agreement with Taronis Fuels is a great example of how we are working to design a structure that uniquely meets the needs of our clients.

Scott Mahoney, CEO of Taronis Fuels, can accelerate growth with this loan by providing working capital to support acquisition and expansion strategies. As an innovation leader in clean fuel alternative fuels, it makes sense to partner with innovation leaders in the financial industry. Tech Capital understands our thinking and needs and coordinates the credit facilities that grow with us.

Tech Capital offers asset-based loans in fast-growing, cutting-edge industries such as IT, software and clean tech. The company is known for its flexibility and creativity in working with customers to set up loan structures. It is a wholly owned subsidiary of Tech CU, the best credit union and industry leader, and currently funds nearly $ 2 billion in sustainable energy in the form of residential PV systems. It offers.

If your company is interested in TechCapital’s asset-based mortgages, please visit https://www.techcu.com/Business/Tech-Capital-LLC/.

About TechCU Founded in the heart of Silicon Valley, TechCU has nearly $ 3.5 billion in assets and is one of California’s 20 largest co-operatives. As a federally insured non-profit organization, Tech CU has invested its resources in offering low rates, outstanding services, and membership benefits for over 60 years. Serving more than 130,000 members across California, including Santa Clara, San Mateo, Alameda, Contra Costa, Santa Cruz, San Francisco, Sacramento, San Joaquin, Solano, Marine, Napa, Sonoma, Los Angeles, Orange, and San Diego counties. It offers. Tech CU provides financial products at every stage of a member’s life, including personal banking, financial management, private banking, commercial lending and business banking. Since 2017, S & P Global Market Intelligence has named Tech CU one of the top three best credit unions, one of the top ten in the country, with over $ 500 million in assets in California. For more information, please visit www.techcu.com.

About TechCapital Founded in 2015, TechCapital, LLC is a nationwide financial company specializing in asset-based lending solutions for midsize businesses and businesses. Tech Capital is a wholly owned subsidiary of Technology Credit Union. For more information on Tech Capital, please visit https://www.techcu.com/Business/Tech-Capital-LLC/.

Taronis Fuels, Inc. About Taronis Fuels, Inc. Is a global producer of renewable and socially responsible fuel products. Our goal is to provide environmentally sustainable technology-driven alternatives to traditional fossil fuels and carbon-based economic products. We believe our products provide a very clean solution to traditional acetylene and propane alternatives. Taronis is also dedicated to providing radically secure solutions to meet the industrial, commercial and housing needs of tomorrow’s global economy. Our products have been rigorously tested and independently verified by the world’s gas authorities to be far safer than acetylene, the most dangerous industrial gas used today. Finally, we strive to provide end users with significant functional advantages at low cost. Through these efforts, we support nine of the 17 United Nations Sustainable Development Goals. For more information, please visit our website at www.taronisfuels.com/.

Contact Information: LindenKohtzPublic [email protected]

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