Viatec Inc. (Greenville, SC) announces their partnership with Marlin Capital Solutions, (MRLN) to provide an array of financing options to customers for SmartPTO™ system purchases that eliminate vehicle idling. According to Viatec CEO, Mark Ferri, “access to financing for customers allows them to electrify their engine idle-dependent platforms and vehicles without up-front investment in order to reduce their operating costs immediately.”
According to a Viatec spokesperson there are anti-idling laws in 29 states and the District of Columbia as well as a growing number of companies that are eliminating idling from their fleets. Recently the California Air Resource Board granted eligibility to SmartPTO for incentive funding. This incentive and others in the works will compliment financing available through Marlin according to Viatec.
Marlin Capital Solutions have a specialty in equipment financing to small businesses across the US which includes end users and dealers. “Our customers want fast, flexible financing options that let them preserve cash flow without tying up their time. We’ve been doing this for over 20 years with over $1Bn in assets under management so we know the equipment financing space well” according to Andrew McBride of Marlin Capital Solutions. Marlin offers a wide range of financing options and plans for equipment financing ranging from traditional installment loans to zero down leases. We are pleased to partner with Viatec Incorporated for both SmartPTO systems as well as for their new products coming down the line.”
Development of a new generation of APU’s surrounding vocational vehicles has led to a novel approach to electric conversion. Retrofittable parallel systems for in-service trucks in the utilities industry installed with only a few days down time lead the way. Leveraging an active, highly diversified global investment firm focused on providing corporate solutions to meet business and liquidity needs will allow as many fleets as possible to transition current vehicles without overhauling budgets. SmartPTO’s ROI is so potent that monthly savings will amount to more than monthly payments in most use cases.
Marlin’s management team has seen more than 250 transactions over the past forty years, retiring illiquid assets in the process while raising over $7.5 billion of capital for their clients. We are looking forward to offering options through their reputable platform.