Rigging equipment purchasers can spread payments over two to seven years, with competitive rates that make the arrangement affordable, says the company. It's simple to estimate monthly payments based on interest rates available to municipal venues at the time of purchase. Payments can be made monthly, quarterly, or semi-annually, as the venue prefers.
Most important, the venue will own the rigging equipment at the end of the financing period. Until now, many municipal theatres have opted for leasing agreements for their rigging system. Leasing seems advantageous at first, but extends payments for the life of the equipment-an arrangement that can add considerable cost. The Clancy financing agreement places a flat cost on the equipment purchase, with a specific date on which the equipment will be paid for in full, adds the company.
(Jim Evans)
