NESSARA Announces Preferred Financing Relationship with Patriot Capital

NESSARA Announces Preferred Financing Relationship with Patriot Capital

Patriot Capital

Patriot Capital to Provide Financing Options to New England Service Station & Auto Repair Association Members

ATLANTA, GA – April 20, 2016 – The New England Service Station & Auto Repair Association (NESSARA), New England’s largest independent automotive industry association, has launched a program to help its members modernize their businesses and meet updated regulatory standards. A new exclusive financing partnership with Patriot Capital will enable NESSARA members to obtain equipment financing for upgrades related to EMV payments, underground storage tank regulations and LED lighting energy savings.

“Our members are faced with a wide range of equipment upgrades, and for many of them, financing is a logical business decision,” said Matt Lelacheur, NESSARA Co-Executive Director. “Our members have a history of successfully working with Patriot Capital, and Patriot’s support of the association makes our decision to endorse Patriot as our preferred financing partner a great step forward for us.”

Patriot Capital’s ‘Easy EMV’ program provides NESSARA members with access to financing to upgrade most equipment on a site, including gas pumps, LED lighting, underground storage tanks, and other fueling and in-store equipment. In addition to ‘Easy EMV,” Patriot Capital also offers a variety of financing options to help businesses update their facilities to meet the new industry standards and regulations.

NESSARA’s members, serving the retail fuel and auto repair needs of clients in the New England states of Massachusetts, New Hampshire, Vermont, Rhode Island, Connecticut, and Maine, will have access to a range of financing programs designed to match their business plan and equipment-upgrade strategies.

“NESSARA members are among New England’s most progressive convenience store and auto repair shop business people,’ said Jason Raffensperger, Northeast Regional Manager for Patriot Capital. ” We are excited about the opportunity to continue and expand our partnership as they move ahead to meet the revised UST regulations, upcoming EMV liability shift on gas pumps, and make other investments to improve their businesses.”

About NESSARA

Enhancing the profitability, education and rights of independent service stations and repair shops has been the mission of the New England Service Station & Auto Repair Association, Inc., (NESSARA) since 1974. New England’s largest independent automotive industry association, the organization offers resources, education, advocacy, and financing options to member businesses in all six New England states: Massachusetts, New Hampshire, Vermont, Rhode Island, Connecticut, and Maine. Its members consist of service stations, auto repair facilities, convenience stores, auto body shops and other automotive-related businesses throughout New England. The organization’s goals include keeping members informed on all major issues that can have an impact on their businesses; creating cost savings and revenue-generating programs that help members enhance their bottom line; and lobbying for and against legislation that will affect the day-to-day operations of its members.

About Patriot Capital

Patriot Capital, a division of State Bank and Trust Company, specializes in enabling entrepreneurs to succeed by providing access to hassle-free equipment financing and 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 NACS (National Association of Convenience Stores), PMAA (Petroleum Marketers Association of America) and SIGMA (Society of Independent Gasoline Marketers of America) members. Member FDIC. For further information, visit patriotcapitalcorp.com.

FOR MORE INFORMATION PLEASE CONTACT:

Patriot Capital, a division of State Bank and Trust Company
Richard Browne, Vice-President, Marketing,
Cell: (404) 977-1251
Email: rbrowne@patriotcapitalcorp.com
Follow Patriot Capital on Twitter @PatriotCapital

NESSARA
Matt Lelacheur, Co-Executive Director
574 Boston Road, Suite 12
Billerica, MA 01821
Phone: (978) 667-7706
Email: mlelacheur@nessara.org