The machine tool sector may be among the hottest in equipment financing today, but other industrial eqiupment sectors are discovering the opportunities created by offering fast, flexible financing to their customers.
These include packaging, plastics, food processing, flexographics, material handling, specialty vehicles and finishing equipment. For these industrial equipment categories, the benefits of using equipment financing as a sales tool are captured in a recent Industrial Machinery Digest article by Key Equipment Finance's Toni Larson, senior vice president, industrial equipment.
Offering fast access to capital, industrial equipment vendors can address the sticker shock that often comes with acquiring new equipment. Equipment financing also enables vendor customers to acquire the equipment they need without a large cash outlay and pay for it monthly over a fixed period of time.
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