New Englandbased Energy North Group, a leading fuel distributor in the six New England states and New York, has launched a program to help its dealers modernize their sites and meet updated payment and environmental regulatory standards. A new a 3-year strategic relationship with Patriot Capital will enable Energy North Group retailers to obtain equipment financing at rates as low as zero percent interest for upgrades related to EMV payments, underground storage tank (UST) regulations and LED lighting energy savings.
“Our retail customers are faced with a number of large equipment investment decisions over the next two years.” said Pat O’Connell, Energy North Group’s Executive Vice President. “Equipment financing is a great way for them to match these investments with their cash flow. Expanding our strategic relationship with Patriot Capital will enable our dealers to benefit from subsidized financing rates to further help with modernization of their c-stores, garages and fueling equipment.” Upgrading a sites image has been shown to increase both site gallons sold and their inside C-Store and Garage sales.
Patriot Capital’s ‘Easy EMV’ program provides dealers with access to financing to upgrade most equipment on a site, including gas pumps, LED lighting, underground storage tanks (UST’s), and other fueling and in-store equipment.
Energy North Group’s retailers, whose brands include Mobil, Exxon, Gulf, Citgo, Irving, Sunoco, Valero and Haffner’s, will have access to a range of financing programs designed to match their business plan and equipment-upgrade strategies.