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LOS GATOS, Calif. (AP) -- Akeena Solar Inc., which designs and installs solar power systems, said Wednesday a lender will increase its existing credit line to $25 million from $7.5 million. The company plans to use the additional borrowing capacity, combined with a recent $26.1 million equity increase, for growth opportunities and working capital needs. The commitment from Comerica Bank gives Akeena $17.5 million on a non-formula basis and up to an additional $7.5 million for borrowing against accounts receivable and inventory levels.
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