New Financing Program from Cincinnati Incorporated |
Cincinnati Incorporated
P.O. Box 11111
Cincinnati, OH, 45211 0111
USA
Press release date: September 20, 2011
CINCINNATI INCORPORATED introduces financing program for new/used fabricating equipment Ninety percent approval and competitive interest rates give shops immediate access to technology and "bonus depreciation" tax incentives - program offered by Cincinnati Incorporated and National Machine Tool Finance.
Cincinnati Incorporated introduces a new financing program designed to get new and used metal fabricating equipment into shops with 100 percent financing, flexible-term loans to new and established businesses for up to $10,000,000. The program, offered in partnership by Cincinnati Incorporated Financing and National Machine Tool Finance, has a 90 percent approval rating and includes financing for start up costs, hardware, software and services.
Enrollees can borrow as little as $10,000 up to the maximum, and can establish terms between 12 and 84 months, with seasonal and custom payment structures available. "The intent of this program is to help our customers get the equipment they need without affecting cash flow," said Rick Lang, program manager. "To that end, we've designed it to be flexible and accommodating for those who need equipment to increase productivity and meet customer demand." Other benefits of financing new equipment purchases may include tax advantages and preservation of existing credit lines.
Cincinnati's partner in this program, Chicago-based National Machine Tool Financing, specializes in structuring leasing and financing programs for manufacturers and distributors.
For more information on Cincinnati Incorporated Financing, contact Rick Lang at 847.871.4253 or email rick.lang@e-ci.com.
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