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RCAP Leasing, Kontrol Technologies Partner on Financing Solution for BioCloud

May 11, 2021, 07:10 AM
Filed Under: Program Agreements

Kontrol Technologies Corp., a leader in smart buildings and cities through IoT, Cloud and SaaS technology, announced it has selected RCAP Leasing, a Canadian financing company, to offer lease finance options to customers of BioCloud. BioCloud is a real-time analyzer designed to detect airborne viruses.

“Providing our customers with access to a finance solution that is simple, easy to administer and transparent are all important features for those who would like to purchase BioCloud units but prefer to amortize that purchase monthly," said Paul Ghezzi, CEO of Kontrol. "The RCAP model allows us to focus on manufacturing and distribution while providing our customers with greater financing flexibility."

RCAP Leasing will be responsible for lease structuring and approval - typical lease terms will range from two to five years, monthly payment and a nominal buyout. Financing through RCAP Leasing will be available across Kontrol's distribution network in Canada.

"We at RCAP Leasing are excited about the opportunity to support Kontrol BioCloud with a point-of-sale financing solution." said Kevin Archibald, Director of Sales at RCAP. "Our lease offering will allow Kontrol BioCloud's customers to lease with a low, fixed monthly payment over a set term. The offering will also allow customers to preserve valuable working capital and enjoy ease of acquisition."

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