May 8, 2015

Artisan Electric

Seattle, Washington

Artisan Electric

Craft3 provided Artisan Electric with a Clean Energy Loan for working capital and to refinance existing debt.

Artisan Electric is a full-service residential and commercial electrical contractor specializing in solar photovoltaic systems throughout the Puget Sound. Since 2007, Artisan has helped shape the areas energy future by educating communities, simplifying processes and creating energy solutions that are both practical and elegant.

In just seven years, Artisan Electric grew from a $100,000 company to over $7 million. Owners Jason Williams and Evan Leonard found that while they excelled in running sales, design and installations, neither fully understood the financial side. High revolving balances and overhead and inefficiencies were making it impossible to make a profit. With the help of a new controller, they cleaned up and reconciled the financials. Jason and Evan needed capital to pay off debt, but traditional banks couldn’t help. Craft3 could.

Craft3 provided Artisan Electric with a Future Energy Fund Loan for working capital and to refinance existing debt. Artisan Electric, a green production business, created or retained 26 living-wage jobs and leveraged $150,000 in additional funds. It averted 560 metric tons of greenhouse gases and conserved 5,188 BTUs of energy.

With generous support from the Washington State Clean Energy Fund, Craft3 offers loans to help businesses finance commercial energy-efficiency work and renewable energy technology installations through the Craft3 Future Energy Fund. Learn more at 
www.artisanelectricinc.com.