The Barco Equipment Financing Program provides a range of financing options designed to meet the needs of the entertainment equipment rental industry. The 60-day Introductory program, available until May 1, offers two loan options: a Low Interest Rate Program and a special Deferred Payment Program, the first of its kind in the industry, Barco claims. The Deferred Payment Financing program permits equipment purchases of $150,000 and upwards, with minimal payments for the first six months of the loan period. Ongoing loan programs include a 5.99% Easy Application (one page) loan option providing up to $150,000 in financing, and the aforementioned Low Interest Rate program, with rates as low as 0.99%.
"With the pressing need to convert our formats from 4x3 to 16x9, Barco's Equipment Financing Program couldn't have come at a better time," says Murray Lapides, founder and CEO of AVFX Inc, a nationwide AV staging company based in Boston, Massachusetts. "Barco is doing a great job of stepping up with a simple program to help us flip our inventory. I can purchase what I need now, instead of waiting, and increase my profitability very quickly."
"Barco's financing program is the best I've seen from any manufacturer," said Joseph Thompson, President, NPI Audio Visual Solutions. "Barco worked closely with FX Financial on my behalf to make the process very simple and quick. I was approved in one day, and received my new FSN products within a week! I look forward to working with them again soon."
In its desire to serve both new and current rental and staging clients, as well as small businesses , Barco says it is working with FX Financial to tailor loans to meet a wide variety of equipment and budget requirements.
"We are committed to building an optimum financial partnership with our rental and staging customers. With this program, we can provide additional options for businesses considering buying versus renting, enabling them to procure the industry's best-in-class projectors and image processing products quickly and easily," commented Scott Stremple, director business operations, Entertainment for Barco North America. "By partnering with FX Financial, we are offering a program that's attractive to customers at below-market rates and flexible terms. We feel confident that we can successfully finance over 80% of applicants. We are especially proud to offer the Deferred Payment Program for the first 60 days, which until now, has been unavailable in this industry."
Barco says its partnership with FX Financial "has served as a strong foundation for creating loan options which uniquely address the financial needs and circumstances of rental and staging companies".
(Lee Baldock)
