Key Equipment Finance moves into water/wastewater asset lending sectors to “fill major void”

Key Equipment Finance (KEF) is now offering a range of finance options for organizations operating in the US water and wastewater industries.

Brian DePonte, senior vice president of innovation markets at KEF and head of the water finance team confirmed that KEF will provide financing solutions for water utilities and public works departments, equipment manufacturers in the water industry, and engineering companies that are focused on water.

He said: “KEF added water and wastewater to the list of markets it serves in order to address problems caused by the nation’s aging water utility infrastructure. The company will offer flexible financing for all types of equipment, including water meters, pumps, filtration and treatment, and other water and wastewater products and services.

“A recent report from the American Water Works Association shows that the condition of our nation’s water and wastewater infrastructure is the single biggest concern facing water professionals today, and financing capital projects comes in close behind as the third most pressing issue.”

He added: “There is a real void in the market when it comes to financing options that cater to the specific needs of water utilities and the organizations that serve them. With more than four decades of equipment finance experience and individual team members who have first-hand experience with the water industry, we are perfectly positioned to help fill this void.”

KEF has been in the equipment finance business for 41 years and is one of the largest bank-based equipment finance providers in the US. Through its manufacturer and vendor alliances unit, equipment finance programs are developed for manufacturers, distributors and resellers.