Tanknology customers interested in financing the cost of a compliance project can now benefit from a new Tanknology partnership with Patriot Capital.
Patriot Capital focuses its financing programs solely on the retail and commercial petroleum industries. This exclusive petroleum focus means Patriot Capital understands your business far better than a general lender. Their industry expertise, fast and easy access to capital, competitive rates and exceptional customer service make Patriot Capital an ideal partner for tank site compliance project financing.
Here are the key benefits of financing with Patriot Capital:
Traditional methods of equipment financing typically don’t include the ‘soft costs’ associated with a project. These include project costs such as installation, service contracts and freight. Patriot Capital lease programs can include all of these costs, allowing you to finance 100% of the total project costs.
Conservation of Capital
Many compliance upgrade programs are costly, requiring a sizable cash outlay. A financing program with Patriot Capital allows you to conserve your capital for other purposes that will help you grow and sustain your business.
No Liens on Your Real Estate
Patriot Capital does not place liens, second mortgages or blanket liens. The equipment acts as the collateral. You retain ownership of your real estate and business.
Small Business Tax Savings
As a small business owner, you may qualify for a tax savings opportunity that was created in the 2013 ‘fiscal cliff’ legislation for qualifying equipment acquisitions. It’s called Section 179 and Bonus Depreciation, and allows business owners to deduct the cost of business equipment in the year the equipment is purchased, rather than over multiple years. Use our Section 179 Tax Calculator to determine your potential tax savings.
For more information about financing your Tanknology compliance project, send us an email with your contact details and we’ll contact you promptly to discuss your requirements.
To learn more, or to discuss specific compliance needs for your site, call us today at 1-800-964-1250.