Mazuma Capital: Solar Energy Industries Association Applauds Inclu...

Mazuma Capital: Solar Energy Industries Association Applauds Inclu...: "Extending program will drive U.S. solar industry growth and job creation in 2011 The 1603 tax credit has created flexibility for funding re..."

Solar Energy Industries Association Applauds Inclusion of Treasury Section 1603 Program Extension in Senate Tax Compromise

Extending program will drive U.S. solar industry growth and job creation in 2011

The 1603 tax credit has created flexibility for funding renewable energy projects and is fundamental for keeping the solar industry growing in America. The current program has facilitated the construction of more than 1,100 solar projects in 42 states. All of this has been at a minimal cost to the tax payer; the 1603 program has supported $18 billion in investment in new renewable energy projects throughout the country and has created tens of thousands of jobs.  The program has helped the solar industry to grow by over 100 percent in 2010, create enough new solar capacity to power 200,000 homes and double domestic solar employment to more than 93,000 Americans.

The TGP was created by the American Recovery and Reinvestment Act (Section 1603) to provide commercial solar installations with a cash grant in lieu of the 30 percent solar investment tax credit (ITC). President George W. Bush signed the 8-year ITC into law in 2008, but the economic conditions created by the global recession made it clear that few would be able to utilize the tax credit.

So far, the TGP has helped move forward more than 1,100 solar projects in 42 states. A report on the impact of the extension of the TGP by EuPD Research projected it would create 65,000 new U.S. jobs and 5,100 megawatts of solar capacity – enough to power more than 1 million households.

Mazuma Capital is committed to help the growth of renewable energy sources by breaking down financial barriers for companies looking to implement new technologies and green inititatives.
See more at http://mazumacapital.com/

Source Materials
SEIA policy overview of Treasury Grant Program: http://seia.org/cs/federal_issues/treasury_grant_program
Fact sheet on TGP and job creation: http://www.seia.org/galleries/FactSheets/Factsheet_TGP.pdf
Summary of solar projects awarded a Treasury Grant:
The Solar Foundation National Solar Jobs Census 2010: http://www.thesolarfoundation.org/sites/thesolarfoundation.org/files/Final%20TSF%20National%20Solar%20Jobs%20Census%202010%20Web%20Version.pdf

DIVERSIFIED ETHANOL ANNOUNCE PLANT TECHNOLOGY FINANCING PROGRAM THROUGH MAZUMA CAPITAL FOR CUSTOMERS

PASO ROBLES, Calif., & BURNSVILLE, Minn., Dec. 8, 2010 – Greenbelt Resources Corporation (Pink Sheets: GRCO) today announced that its wholly-owned subsidiary Diversified Ethanol Corporation ("Diversified") has established a business partnership with Mazuma Capital to offer leased equipment financing to qualified Diversified customers. Diversified designs,  constructs, monitors and operates highly efficient and cost effective small scale waste-to-ethanol conversion plants that utilize a wide range of organic wastes feedstocks including cellulosic material, by products of breads and grain processing, organic slurry, and other food and beverage waste from beer, wine, and sugar-based products.

            Mazuma Capital is a leading national direct lender and will provide third party financing for qualified Diversified customers. Dedicated to maintaining a portfolio that includes renewable energies, Mazuma provides a sophisticated selection of finance programs that offer the flexibility necessary to meet the range of Diversified customers’ needs. 

            "Providing strong financing options for our customer seeking to own an ethanol plant is a critical avenue to continue the growth of the green fuels industry,” said Darren Eng, CEO of Greenbelt Resources Corporation. “When a partner like Mazuma takes notice and brings their expertise and success to the table, it strengthens customer confidence that ethanol from waste is a viable investment.”

            “Our support for Diversified plant financing is another cornerstone for Mazuma in the renewable energy sector.  By carrying risk and providing solutions to overcome financial barriers on emerging green technologies, more and more middle-market companies can now implement green initiatives.  Promoting the adoption of emerging green technologies is a continued goal of Mazuma Capital and through our partner programs and extensive knowledge of new technology financing Mazuma will continue to enhance energy project offerings,” said Jared Belnap, Mazuma Capital’s President and CEO.

            Diversified currently operates a waste-to-ethanol plant in Paso Robles California that conducts pilot studies on various feedstocks to expand a database of information  to support continued growth of waste-to-ethanol plant production. Shareholders and prospective investors can register for email updates on company financial and operations announcements at www.greenbeltresources.com/investors.About Greenbelt Resources Corporation
            Greenbelt Resources Corporation™ is committed to developing and implementing technology that makes alternative fuel reliable, practical, and efficient. The company is dedicated to delivering business solutions with integrity and perpetually high quality control through intelligent support services. Greenbelt Resources subsidiary Diversified Ethanol Corporation™ provides end-to-end waste-to-ethanol solutions designed to establish a highly efficient installed network of customer-owned modular ethanol plants providing localized processing of locally generated waste into locally consumed ethanol. The company's ethanol plants are built around the award winning Butterfield Closed Cycle System™. Founded in 2001, Greenbelt Resources Corporation is a public company trading under the symbol GRCO.PK. For more information including how to contact the company, visit Greenbelt Resources on the web at http://www.blogger.com/Local%20Settings/Temporary%20Internet%20Files/OLKE4/www.greenbeltresources.com.

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Stepping Inside the Shoes of Medical/Healthcare CFO's- new challenges they face with proposed accounting changes

Mazuma Capital Company offers it's employees an extensive cross training program to become familiar with all aspects of the leasing industry.  Last week we had an accounting expert come in and discuss the proposed accounting changes, and how that will impact businesses and leasing experts. As a followup to our training I reached out to professionals in industries across the board.  Below is a summary of what challenges face CFO's in the medical/health care arena. I wanted to share his insights with you on the proposed accounting changes, and how they are preparing. I think it is critical for us to be thinking outside of the box on how to approach these CFO’s by understanding their mindset.  I hope you find it helpful…

Thanks for your questions regarding the proposed accounting changes, and how they will affect medical/health care purchases going forward.  Yes we have discussed the change concerning leases and how they will all be shown as Capital leases on the Balance sheet. It is a particular concern to us and other facilities like us that have large loans on their existing property and have to maintain Debt covenants per their loan documents. For example like Debt Service Coverage and Long term debt to capitalization. This will most definitely put expansions and additions planned for facilities on hold.  Being able to maintain certain grants and financial benefits through the government come to us by keeping facilities profitable.  By adding debt to our books, we will have to re-think our strategies to maintain these benefits we currently receive.

With that said we may have to look at delaying purchase of larger capital items and end up trying to pay cash for them. Smaller Capital items we will definitely pay cash.

Remember too that we operate several hundred Critical Access Hospitals (under 25 beds) that can take advantage of being reimbursed by Medicare at cost. Prospective payment hospitals cannot take advantage of that so it may even be more difficult for larger facilities when looking to purchase larger items, such as MRI and X-Ray machines.

Those are just a few of my thoughts.  We will be interested to see what leasing companies put together as an offering for facilities like ours.  Right now we are going with cash, but if there is a product that arises, I know that CFO’s all over the country will welcome it, if it can help the balance sheet.

Mazuma Capital: Mazuma Capital Funds $5 Million to One of Country’...

Mazuma Capital: Mazuma Capital Funds $5 Million to One of Country’...: "Mazuma Capital Funds $5 Million to One of Country’s Largest Coal Companies"

Proposed Accounting Changes...What is next for businesses?

The big question looming over the proposed accounting changes, is how will big business deal with the disappearance of operating leases? 
I'm not an expert, however I can tell you a few things for certain. First, most companies lessors and lessees are hiring accountants with heavy international experience in real estate. Second, the financial accounting impact is not going to result in competitive disadvantage since all companies must comply. Third, there will be differences in the overall adjustments experienced depending on how mature the leases are with respect to tenant occupying the space.

The valuation topic will pick up more steam and perhaps the number of options to renew included in the original lease will be reduced, basically the leases may be written differently. Overall there will be more transparency as to financing strategy in companies who have chosen to lease all locations rather than invest in capital assets - the wirelesss telecom industry generally leases all tower locations or builds to suit on leased land. There are many discussion brewing within this industry regarding how to move froward with new tower locations.

Most important at this moment is to prepare the shareholders for drastic changes in reported numbers. Applying the proposed changes will mean putting most of your leased assets on balance sheet, which will result in changes of businesses financial performance indicators, such as ROI. It will also affect the structure of earnings statement, as the expenses will be moving lower in your income statement. It is also important that some bank covenants may be affected. The preparation for such changes requires careful management of expectations, from both, shareholders and banks.

Bottom line, business will adjust and continue on, still exercising the option to pay cash or lease. The leasing industry will continue to grow and evolve with the changes likely to be put into effect (Mid- 2011).  New products and offerings will still add value for businesses and will continue to be a great option to keep operating cash clear, as well