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PHOENIX -- Qlease.com has rolled out its new Car Wash Finance Program, which enables convenience stores and gas stations to profit from the revenue stream of a car wash without having to put up a large amount of cash.
Using a financial product like an equipment lease for the addition of a car wash can allow the revenue generated from the usage of the car wash pay to cover the monthly payments. With an equipment lease, important revenue-generating equipment like a car wash can be added with, sometimes, little or no money out-of-pocket. The utilization of financing not only adds equipment, but also quickens the return on investment seen by business owners.
Using the traditional methods of local banks or the SBA can be a difficult process, Casey Jensen, president of Qlease.com, said. "We have talked with business owners interested in adding a car wash but have had trouble obtaining [traditional] financing."
Qlease.com will approve some purchases on an "application only" basis, which means only a single credit application needs to be filled out. There is an online application available on the Qlease.com Web site.