Key Provides Financing Program for Water Treatment Equipment Company
SEP 29, 2016 - 7:57 am
Key Equipment Finance entered into a partnership with Xylem to provide equipment financing for the water technology provider’s water and wastewater transport and treatment offerings.
The partnership with Key Equipment Finance will make it easier for Xylem customers in North America to acquire Xylem’s Flygt, Leopold, Sanitaire and Wedeco water and wastewater transport and treatment products. Through this agreement financing will be available from Key Equipment Finance for loans greater than $100,000.
“Investments in water and wastewater infrastructure are critical to building more sustainable and resilient local water supplies, but they can have a high initial cost for local utilities,” said Andy Fraher, director of Marketing and Business Development for the North American Commercial Team at Xylem. “Traditional bond financing and state revolving funds are not always sufficient to cover the initial costs of ownership and installation for these systems. However, with the flexible financing options offered through this new alliance, customers in the public sector can gain quicker access to tax-exempt financing and a way to pay for infrastructure upgrades from their current operating budgets.”
In addition to funding the acquisition of water and wastewater treatment and transport upgrades from ongoing revenue, the partnership with Key Equipment Finance allows Xylem customers to take advantage of favorable interest rates and maximum flexibility while acquiring equipment that will result in increased efficiencies, reduced maintenance issues and overall cost savings.
“Xylem is known globally as a technology company that is committed to solving the world’s water problems, which is exemplified through programs like this one that provides a way for utilities to fund the equipment they urgently need,” said Ken Blanck, vice president of Innovation Markets at Key Equipment Finance. “We look forward to working with Xylem to deliver flexible financing solutions through this partnership.”
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