Financing Alternatives Now Available
In addition to selecting the best equipment for your manufacturing needs, finding the right financing solution is equally important. That is why Chicago Slitter has partnered with GE Capital Corporation to provide you with equipment acquisition to meet your specific needs.
Financing Alternatives
When acquiring new equipment, find the right financing solution
isn't always easy. We recognize that our customers are affected
by a variety of factors: optimizing cash utilization, balance sheet
and working capital considerations, debt covenant management, tax
considerations and expected length of asset use. That's why Chicago
Slitter has chosen to work with GE Capital to provide you with financial
expertise to realize the maximum value for your investment.
For example, on a $1 million slitting line purchase:
| Structure | 7-Year Tax Lease | 5-Year Quasi Lease |
| Monthly Payment: | 84 @ $14,532.81 (per month in advance) | 60 @ $21,137.38 (per month in advance) |
| Early Buyout Option: | @ 72 months for 34.4% of original equipment cost | N/A |
| End of Term Options: | Purchase for FMV, Renew or Return | Purchase for $1.00 |
The above rates are based on the 7-year and 5-year treasuries of 6.35% and 6.31% receptively. Your actual rate is subject to change based on final equipment price, current treasury rates and full GECC Credit Review.
If you are interested in financing call us at 630-875-9800 or Contact Us