United Grinding Names Finance Arm
The National Machine Tool Financial Corporation now offers flexible, competitive loan and lease options for shops acquiring new UG equipment, as well as factory-sponsored finance programs, factory rebates and credit decisions within 24 hours.
Posted: July 12, 2014
United Grinding North America, Inc. (Miamisburg, OH) recently named National Machine Tool Financial Corporation (NMTFC) as a financial service provider. Through this partnership, United Grinding customers in North America now have quick, easy access to a variety of highly competitive loan and lease options for acquiring new grinding equipment.
The grinding machine tool manufacturer opted to partner with NMTFC as a way to leverage the independent financing company’s vast product platform and credit expertise while maintaining a stellar United Grinding-based customer experience.
“We take a customer-centric approach to everything we do, which includes making the purchase of our products a world-class experience,” said Terry Derrico, the president and chief executive officer of United Grinding North America. “By establishing a finance arm for our customers, we make it easier for them to obtain the latest grinding technology for gaining the competitive advantage in today’s challenging manufacturing marketplace.”
Established in 1986, NMTFC has its roots firmly planted in the machine tool industry. In fact, the company has a certified machine tool sales engineer (CMTSE) on staff that can assist United Grinding customers in ways that are more effective as compared with the traditional banking experience.
The NMTFC team understands that machine tool purchases are not one-size-fits-all situations and, thereby, follows a customized and flexible funding model, with a variety of lease and loan options for equipment that costs anywhere from $10,000 to $10,000,000. There are also “application only” programs that do not require a company’s financials or tax returns for equipment up to $350,000.
Furthermore, there are several other benefits that come with financing through NMTFC as opposed to a bank, including: factory-sponsored finance programs, factory rebates and credit decisions within 24 hours. Plus, NMTFC can often times finance the tougher credit deals that banks are unwilling to consider.
Having provided close to $1 billion in financing to more than 10,000 businesses and a credit team with more than 50 years of combined financial experience, NMTFC has what it takes to provide United Grinding customers with a highly productive financing experience.
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