American Power Group Corp. announced a new leasing program for APG dual fuel conversions and related natural gas tank systems that will be offered by Vision Financial Group Inc. through its specialty unit VFG Energy Leasing and Finance.
Lyle Jensen, American Power Group Corp.’s CEO stated, “Many fleet owners interested in natural gas conversions of their existing fleets have found it challenging to obtain traditional bank financing for alternative fuel add-on systems for their diesel trucks. We are excited that VFG has seen the value of APG’s dual fuel technology and are willing to provide financing terms with and without a perfected security interest on the entire vehicle chassis.
"This is critical for many of the fleet operators we’ve spoken to who are looking to convert multiple units at a time. We believe our ability to offer fleet customers with a viable financing solution will provide them with a path to convert a larger percent of their fleet sooner rather than later.”