Case Study: North Star Leasing provides funding for two playground projects in Massachusetts
Recently, Brian St. Germain of Synthetic Turf International of New England installed a playground at the Little Angels Academy in Dracut, Massachusetts. The project was like any other, but with one exception. The end user financed the project through North Star Leasing.
The project’s total cost was an obstacle for Little Angels. They didn’t have the funds in place to replace their existing peagravel surfacing. Brian had just returned from the STI Dealer Conference in Chattanooga, Tennessee where Scott Goodwin with North Star Leasing was a sponsor and vendor.
Brian offered the financing option to the team at Little Angels, which helped to greenlight the project. The financing option opened the door for Little Angels to approve a second project at another location.
The application process only took a few hours. Additionally, St. Germain was paid in full via ACH for both projects. North Star took care of every aspect of funding the transaction, financing the turf and the installation.
“I’d recommend this to every STI Dealer. It makes the entire process easier since the payment hurdle is often prohibitive to selling the job,” St. Germain said. “Plus, it turned a NO for one project into a YES for two, and I was paid electronically, so I didn’t have to wait for a check from the customer to arrive and clear the bank,” he added.
North Star actually approved Little Angels for more than the total value of the project, giving Brian a chance to upsell for upgrades or add ons.
North Star Leasing is a financing option available to STI Dealers and their customers.