- 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 Allpax Products
Allpax Products, the market leader in retort technology and retort room automation, designs, manufactures, and delivers turnkey sterilization solutions for the food, beverage, pet food, and pharmaceutical industries. The company is recognized for helping customers become more successful by decreasing time to market with laboratory retort equipment, lowering overall labor costs through automation, and increasing the overall throughput of the sterilization process. The company is headquartered in Covington, LA, and is the sole U.S. licensee of the Shaka retort process.
Allpax is a division of Pro Mach, a Cincinnati, Ohio based provider of integrated packaging products and solutions for food, beverage, household goods, pharmaceutical, and other diverse consumer and industrial companies. Through three business units and related divisions, Pro Mach provides equipment, training, installation, and parts in primary packaging, end-of-line packaging, and identification and tracking.
For more information about Pro Mach visit www.ProMachInc.com.
Media Contact:
Jack Aguero
513-831-8778, ext 423
jaguero@ProMachInc.com