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Chevron, Patriot Capital Partner on POS Financing Program

SAN RAMON, Calif. — Chevron Products Co., a division of Chevron U.S.A. Inc., selected Patriot Capital Corp. to offer equipment financing and leasing to its U.S. retail network of nearly 8,000 locations. Atlanta-based Patriot Capital specializes in providing hassle-free equipment financing to retailers in the convenience store and retail petroleum fueling industries.

"This activity has been on our strategic roadmap and will help to increase security and enable future functionality," stated Craig Morgan, program manager at Chevron. "Chevron is always looking for innovative ways to improve the payment experience for our customers and we are delighted to work with Patriot Capital Corp. to bring ongoing benefits to our retail network."

Through the deal, Patriot Capital will help support upgrades for Chevron's point-of-sale (POS) technology by assisting retailers in financing or leasing point-of-sale (POS) equipment modernization with upgrades to Gilbarco Passport, VeriFone Topaz, Sapphire, Ruby2 and Wayne Nucleus POS products.

"We are proud to extend our relationship with Chevron and its retailers to help finance needed equipment modernization," said Patriot Capital President Chris Santy. "Since our first association — in helping Chevron retailers finance PCI upgrades in 2009 — we have helped many Chevron fuel retailers to quickly obtain the POS, dispensing and c-store equipment they need, with a minimal amount of hassle and maximum amount of flexibility."

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