Gulf Oil Selects Equipment Financing Partner

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Gulf Oil Selects Equipment Financing Partner

FRAMINGHAM, Mass. -- Gulf Oil L.P. is providing financing options to its distributor and dealer network through a new partnership with Patriot Capital Corp., a leader in equipment finance for the retail petroleum industry. The new relationship enables Gulf to provide flexible financing options to distributors and dealers interested in obtaining new equipment, the company reported.

"Our distributors and dealers continue to navigate a challenging financial environment, and they require flexible financing programs so they can operate efficiently and maximize every dollar," said Gulf Oil President and COO Ron Sabia in a released statement.

Finance programs for new equipment purchases will also allow Gulf distributors and dealers to comply with point-of-sale (POS) and payment card industry (PCI) data requirements, and will ensure they have cutting-edge equipment to help increase sales and promote the Gulf image. They will also have access to capital to expand their business through additional profit centers, such as franchise-food and car washes.

"We anticipate our access to capital, competitive pricing, flexible structures and outstanding customer service will help Gulf in its commitment to continuously find new and better ways to serve its network," said Chris Santy, managing director of Patriot Capital Corp.

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