DRB Systems Selects Ascentium Capital for Strategic Customer Financing Program
AKRON, Ohio, Aug. 30, 2017 /PRNewswire/ -- A trusted leader and innovator in the car wash industry, DRB Systems, has joined with a top private equipment finance company, Ascentium Capital LLC, to develop a customized financing program aimed at helping car wash operators grow their businesses. The program is open to new or existing customers of DRB Systems or Unitec, who have been in business at least two years and are considering new equipment or upgrades from a few thousand dollars up to $250,000. Popular products like DRB's Growth Suite are easy add-ons to a customer's existing SiteWatch® POS system under this financing arrangement. Payment structures are competitive combined with a streamlined process including a one-page application with most credit decisions within two to four hours.
The DRB Systems Growth Suite™ (XPT® Xpress Pay Terminal®, FastPass® RFID system and Unlimited Monthly Plans) builds stable, reoccurring revenue by providing the equipment and software needed to implement and market successful unlimited wash programs. DRB Systems customers who have added the Growth Suite have seen extremely positive results. A recent example of optimized Growth Suite success is from a major Northeast car wash that realized a 186% increase in monthly plan sales in just under two months.
"Our financing program with Ascentium allows customers from both of our leading brands to easily purchase products with no money down while budgeting manageable monthly payments," states Joe Shoemaker, VP of Marketing for DRB Systems and Unitec. He continues, "For our customers who have thought about expanding or upgrading their on-site experience through better automation, faster and easier customer processing or increased monthly plan sales, this financing option is a wonderful way to get the industry-leading products needed for the job without leveraging the business."
"We're excited to work with DRB Systems and offer our award-winning finance platform," comments Len Baccaro, Senior Vice President of Sales at Ascentium Capital. "The specialized car wash team at Ascentium is focused on providing solutions that enhance the profitability for our clients. It's rewarding to see our organizations come together and develop a comprehensive finance program dedicated to the success of DRB Systems and their customers. "
About DRB Systems
DRB Systems (Akron, Ohio) for more than 30 years has been the leading point-of-sales software and business solutions company in the car wash industry, providing technology and marketing support to enhance customers' experience and operational efficiency. DRB Systems strives to help operators unlock their hidden potential needed to enhance their businesses, revenues and lives.
About Unitec
Unitec (Elkridge, MD.) founded in 1983, is a high-performance manufacturer of advanced hardware and software solutions for the car wash market. Unitec products combine state-of-the-art technology, user-friendly operations and dependable, rugged construction. Unitec's staff is dedicated to unsurpassed customer service, advanced product design and superior quality standards.
About Ascentium Capital
Ascentium Capital LLC specializes in providing a broad range of financing, leasing and small business loans. The company's offering benefits equipment manufacturers and distributors as well as direct to businesses nationwide. Ascentium Capital is backed by the strength of leading investment firm Warburg Pincus LLC. For more information, please visit AscentiumCapital.com
Contact: Becky Dismukes, 1-330-645-4200
SOURCE DRB Systems
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