Videojet Introduces Flexible Financing Options
WOOD DALE, IL—March 11, 2009—Convenient financing options now available from Videojet Technologies Inc. can help manufacturers, commercial printers, converters and co-packers obtain the latest coding and printing technologies during challenging economic times — even when capital equipment budgets and cash flow availability are tight. Videojet has selected Direct Capital Corp. as its preferred equipment leasing provider for competitive rates and flexible payment options that fit operating budgets for coding and printing solutions in a variety of industries, such as food and beverage, pharmaceutical, consumer packaged goods, commercial printing and more.
“Facing tight capital equipment budgets and cash constraints, companies are asking for options like leasing programs to secure new equipment,” says Adrián Fernández, vice president of marketing for Videojet. “Videojet’s financing programs allow companies to obtain 100 percent financing for the purchase amount of new equipment through a streamlined approval process, helping them keep bank credit lines open for other business expenses and even realize potential tax advantages.”
“Videojet’s selection of Direct Capital is another strong endorsement of our innovative finance platform for equipment vendors,” said Steve Lankler, vice president of business development for Direct Capital. “In this challenging economic environment, it is important that market-leading companies like Videojet and Direct Capital partner to deliver solutions that make it easier for businesses to acquire the products and capital they clearly need to thrive and succeed. We are proud that Videojet has selected Direct Capital and, together, we will deliver a world-class financing program.”
Direct Capital is an ideal partner for Videojet and its distributors nationwide because of the company’s ability to service a broad range of credit risks and focus on initiatives that stimulate new sales for its partners. Direct Capital plans to utilize the recent addition of a $100 million securitization to expand its funding capacity for businesses across the United States. These capabilities have become increasingly appealing for businesses due to the current economic conditions that many are facing.