 |
LATEST NEWS
|
|
Exclusive Lease to Own Program for Conveyor Systems Utilizing Portec EquipmentOctober 5th, 2011
Portec, Inc. has teamed with PNCEF, a major industrial equipment leasing specialist, to offer its customers an exclusive, Lease-to-Own financing program. The Portec Leasing program features three-to-five year leases, at fixed, competitive interest rates with $1 buy-outs at the end of term. The leases can include the entire conveyor system provided that Portec equipment is specified in all applicable areas. Progress payments can be made available to fit installation timing requirements and escrow funding is available for municipalities. “In these times of uncertain lending, even for stellar credit worthy borrowers, the Portec Leasing Program offers our customers an option for financing ‘must do’ projects which might otherwise fail to fund due to current banking conditions. And, our program can cover the entire conveyor system including installation charges, not just the Portec equipment” noted Portec President and CEO Don Cuzzocrea. He continued by noting that “PNCEF will work confidentially with our customers and provide lease quotes directly to them with credit approval turnaround times of 24 hours for systems under $1 million and 3 to 5 business days for transactions over $1 million. PNCEF is extremely well funded and excited about working with a quality firm like Portec. In these turbulent times, when it comes to financing customers deserve another option”.
About Portec, Inc.
Portec is a global manufacturer of Power Belt Curves, Spiral Lifts®, Spiral Chutes, Merges, Power Faced Diverters and other Specialty Conveyors based in Cañon City, Colorado. The company has earned an industry reputation for delivering dependable, high quality products. Portec's custom material handling equipment has been incorporated into airport baggage handling systems, mail and parcel handling, manufacturing, retail distribution, food processing facilities, cement plants and other applications around the world. Portec has produced conveying equipment to handle products from light electronics to refrigerators. For more information, visit www.portec.com.
### |
Find a Sales Rep
Looking for a sales rep in your area?
Select A Country or Region
Request-a-Quote
Got questions? Need a quote? Use our online form to request a quote.
Latest News
