ALEXANDRIA, Va. -- NATSO, the national trade association representing truckstops and travel plazas, has announced a partnership with Allied Brand Capital, a provider of equipment financing and leasing including pumps, underground storage tank (UST) equipment, credit-card processing technology, LED lighting, franchise fees and more.
“An amazing amount of capital is required to run and maintain NATSO members’ locations. Changing regulations also bring needed upgrades, and our partnership with Allied Brand Capital will give operators another option for funding their equipment and technology needs,” said Pamela Hayes, vice president of business development for NATSO.
“At Allied Brand Capital, we believe working with clients, like NATSO members, to help them tackle their business and work flow challenges, as opposed to just providing financing, is the right approach,” said Mike Cerminaro, president of Allied Brand Capital. “When lenders only focus on financing, they often miss significant opportunities to make a real difference for their clients.”
Hayes said operators are experiencing equipment purchases and upgrades related to new EMV (Europay, MasterCard and Visa) standards for credit-card processing. Allied Brand Capital is designing special pricing and guidance on equipment financing related to these required upgrades.
“As truckstops and travel centers migrate toward EMV compliance, they need to focus on significant equipment upgrades, including point-of-sale systems and fuel dispensers,” Cerminaro said.
Allied Brand Capital’s financing programs provide solutions for financing new equipment upgrades, as well as financing that may include the related costs of site surveys, installation, freight and sales tax. Also, the program can provide financing solutions for aboveground storage tanks, bulk on-island DEF dispensing equipment, LED lighting, car-wash equipment, foodservice equipment and other in-store equipment needs.
Founded in 1960 as the National Association of Truck Stop Operators, NATSO represents the industry on legislative and regulatory matters, serves as the official source of information on the diverse travel plaza and truckstop industry, provides education to its members, conducts an annual convention and trade show and supports efforts to improve the business climate in which its members operate.
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