APPLETON, Wis. & ATLANTA -- Fuel distributor U.S. Oil has forged a strategic financing relationship with Patriot Capital, a leader in financing solutions for fuel jobbers and retailers. U.S. Oil retailers will have access to a range of dispenser and point-of-sale (POS) financing programs to upgrade their convenience-store forecourt and in-store equipment to assist in meeting the shift to accept Europay, MasterCard and Visa (EMV) payment at the gas pump and in store.
The deal also is a means of meeting consumers’ demands for better conveniences and technologies, both in store and at the pump.
“Patriot Capital’s ability to provide financing that meets the diverse needs of our dealers and their proven track record of quick financing approvals, competitive financing rates and a strong customer service orientation all contribute to making Patriot Capital a strong partner for c-store owners,” said Steve Quinette, vice president of branded fuels for U.S. Oil. “The extension of our partnership with Patriot Capital gives our dealers the ability to continue to effectively invest in their businesses.”
“Expanding our financing partnership with U.S. Oil is a logic evolution of our long-standing relationship,” said Chris Santy, president of Patriot Capital. The company is “a trusted financing partner for products including dispensers, point of sale, ATGs [automated tank gauges] and underground storage tanks.”
Atlanta-based Patriot Capital, a division of State Bank & Trust Co., specializes in enabling entrepreneurs to succeed by providing access to equipment financing and Small Business Administration (SBA) loans in the retail and commercial fueling verticals and other manufacturing industries. Working with its customers to enable them to optimize their financing and capital structures, Patriot Capital is the leading provider of capital equipment financing and leasing to National Association of Convenience Stores (NACS), Petroleum Marketers Association of America (PMAA) and Society of Independent Gasoline Marketers of America (SIGMA) members.
Appleton, Wis.-based U.S. Oil, a division of U.S. Venture Inc., offers distribution, marketing, trading and operations of fuel and renewable energy products in the United States and Canada. Brands include Shell, Sunoco, BP, ExxonMobil, Phillips 66, Marathon, Clark and CITGO.
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