Mosaic files for bankruptcy but plans to continue solar loan servicing

Mosaic, a California-based fintech platform focused on residential solar and home improvement loans, has filed for Chapter 11 bankruptcy in the US Bankruptcy Court for the Southern District of Texas. The company said the filing was driven by high interest rates and recent legislative uncertainty affecting solar tax credits and capital availability. Mosaic has secured $45 million in debtor-in-possession financing, including $15 million in new capital, to continue operations during the court process. According to Mosaic, it will maintain loan servicing and customer-facing operations while pursuing reorganization and asset sales supported by Forbright Bank. The company’s servicing platform remains operational, and Forbright has committed to supporting continuity across loan portfolios. Mosaic previously undertook internal restructuring to address liquidity needs and has funded $15 billion in clean energy loans to more than 500,000 households since its inception.