By Jim Utter
Director of Journalism
Kleen-Rite Corporation, the top wholesale supplier in the United States to professional car wash businesses, has teamed up with Ascentium Capital to offer a new easy financing program to its customers.
The partnership with Ascentium Capital, a division of Regions Bank, will help provide Kleen-Rite customers with convenient access to capital.
“We’re excited to be working with an organization that is going to provide quick, concise, and competitive financing opportunities to our customers,” Gary Frey, Kleen-Rite’s national sales manager, said in a statement.
The strategic partnership brings Ascentium’s innovative financing solutions, up to $2 million, to Kleen-Rite customers, helping them to update their operations, grow their businesses and remain competitive in the dynamic car wash industry.
Any equipment or technology that a car wash needs – such as in-bay and tunnel systems, vacuum systems, water systems, signage, point-of-sale systems, kiosks, software and more – can now be acquired with affordable payments.
“Kleen-Rite customers will benefit from Ascentium Capital’s quick and easy process. A simple one-page application is all that is required for qualifying credits, and most credit decisions are rendered in a couple of hours,” said Tony Ziegler, Ascentium’s Vice President and Team Leader for Gas Station, C-Store & Car Wash.
“Plus, customers can bundle ‘soft’ costs such as installation, shipping, tax, and more into their monthly payment, avoiding upfront costs.”
Kleen-Rite’s corporate office is in Columbia, Pennsylvania. It has distribution centers in Pennsylvania, Texas, Nevada, and Missouri and has been a supplier to the car wash industry for more than 60 years.
“We are thrilled to integrate our financing into the Kleen-Rite sales process. Our services are helping enable fast, flexible financing options, such as deferred payments, meaning customers can better match their cash flow with the income generated by new equipment and technology,” said Michael Fiore, VP Sales for Gas Station, C-Store & Car Wash at Ascentium Capital.
“There are also potential tax savings with Section 179 that can positively impact a small business’ bottom line.”
Ascentium Capital specializes in providing a broad range of business equipment financing, leasing, and loans across the U.S. The company’s offerings are designed to benefit equipment manufacturers and distributors as well as direct to businesses nationwide.
