Packaging

Leasing New Packaging Machines Helps Pro Mach Customers Gain Productivity While Preserving Cash and Lines of Credit

Tuesday 13. July 2010 - 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:
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
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.