US: Newbean Capital launches finance arm to support indoor ag

Newbean Capital, a registered investment advisor and organizer behind the Indoor Ag-Con events, has launched an alternate finance arm, Contain Inc.. “Our goal is to become the alternate finance provider of choice to indoor farmers”, said Nicola Kerslake, co-founder of Contain Inc.

The venture has partnered with three indoor agriculture technology providers to provide lease financing to their customers. For longstanding industry consultant AmHydro, it will offer lease financing for the company’s Get Growing! greenhouse bundle packages. AmHydro has been designing and building innovative, hydroponic systems for over 30 years. It manufactures and helps to install food-grade growing systems for both small and large commercial operations. AmHydro offers systems for the small business entrepreneur up to the large multi-acre commercial suppliers of companies such as Whole Foods and Costco.

Contain Inc has recently arranged a five-year lease agreement for Bright Agrotech’s ZipFarm equipment at a 6.5% rate for MyChoice Programs, an East coast nonprofit that supports individuals with developmental disabilities to participate in their communities. As one of its innovative programs, it decided to transform a building into a vertical farm that could feed both the residents of its homes and the local community using Bright Agrotech equipment.

Its newest partner - CropKing - a manufacturer and distributor of commercial greenhouse structures, hydroponic growing equipment, and supplies. Known for working with family farms, it has specialized in the business of controlled environment agriculture and hydroponic growing since 1982. It offers both bucket and NFT systems for indoor grows.

See also :
contain.ag
amhydro.com/financing
brightagrotech.com
cropking.com
mychoiceprograms.com