- Cash retention - Customers pay a set amount monthly, not one lump sum
- Borrowing power - Existing lines of credit are maintained for short term or unanticipated borrowing needs
- Speed - Most businesses are approved for an equipment lease in a matter of days, or sometimes hours
- Tax benefits - Additional tax benefits may be available via operating leases
- Optional damage waiver - This U.S. Bank program includes coverage for equipment breakdown and operator error and complements Pro Mach warranties
- Flexible lease periods - Most financing packages are from 36 to 60 months
- Custom plans - Where customers can choose from a wide variety of lease packages and payment options
Leasing New Packaging Machines Helps Pro Mach Customers Gain Productivity While Preserving Cash and Lines of Credit
July 12, 2010
Cincinnati, OH - Pro Mach, Inc., one of the largest U.S. suppliers of integrated packaging products and solutions, now offers customers preferred financing through a nationwide program administered by U.S. Bank Equipment Finance, a part of U.S. Bancorp (NYSE:USB), one of the country's top 10 financial institutions.
"Many contract packagers and brand owners emerged from the recession with productivity enhancement objectives as well as a need to preserve working capital and existing lines of credit," said Mark Anderson, president and chief executive officer of Pro Mach. "The preferred financing option not only meets those compelling needs, but also offers numerous additional advantages."
Pro Mach and its 11 divisions worked with U.S. Bank Equipment Finance for over a year on developing a seamless customer financing program. Pro Mach's preferred financing program delivers:
With 15 U.S. Bank Equipment Finance relationship managers located across the United States, Pro Mach divisions' customers receive localized support throughout the application and financing period. Those interested in learning more about financing options should visit any Pro Mach division web site - Allpax, Axon, Brenton, Fowler Products, ID Technology, LSI (Labeling Systems, Inc.), Orion, Ossid, Roberts PolyPro, Rennco, or Wexxar/Bel. Click on the Equipment Leasing link under the About tab to access an informational web page.
About Brenton Engineering
Brenton Engineering, a division of Pro Mach, designs, manufactures and integrates a wide-range of end-of-line packaging equipment. Brenton is a packaging industry leader in servo-technology applications and integrating automated solutions for complex packaging needs. Their extensive product line includes case packers, shrink wrappers, palletizers, and robotic solutions for most end-of-line packaging and material handling needs. Brenton is one of the largest providers of Fanuc robotic packaging systems in North America. All Brenton products are designed and manufactured at their state-of-the-art facilities in Minnesota. For more information about Brenton Engineering visit their website at www.brentonengineering.com or contact them at 1-800-535-2730 or bec@becmail.com.
Media Contact:
Jack Aguero
513-831-8778, ext 423
jaguero@ProMachInc.com
