News
Triton, Popular Leasing seek developing companies in new program
December 17, 2001
LONG BEACH, Miss. - ATM manufacturer Triton has designated Puerto Rico-based Popular Leasing USA as its preferred leasing provider. As part of the arrangement, the two companies have developed a new leasing program that caters to developing and established ATM outlets.
The new program is geared towards helping developing businesses, including convenience stores, restaurants, and retail outlets. Companies that have been in business as few as six months can obtain five-year lease terms, with down payments consisting simply of first- and last-month payments.
Businesses that already have established credit histories can obtain lease terms of up to 66 months under the new program.
In a press release, Triton president and chief executive officer Ernest Burdette said Popular Leasing was a logical choice to partner in a program aimed at developing businesses.
"We believe that demand for ATMs in the United States will continue to rise as long as Triton and our partners continue to make affordable financing available to independent business owners," Burdette said. "With more than $105 million in ATM leases already outstanding in the U.S., Popular Leasing has demonstrated that it knows and understands the needs of the small-ticket leasing customer."
The program is available to customers in the United States only. Triton already has a lending agreement in place for Canadian customers through CitiCapital, the leasing division of Citigroup. Triton is currently looking into leasing arrangement outside North America, according to the press release.
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Triton Systems
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