Visualization pioneer Barco has teamed up with FX Financial to offer an innovative new Equipment Financing Program created specifically for rental and staging companies desiring to purchase its best-in-class AV solutions at low, fixed rates including a limited-time deferred payment option. The Barco Equipment Financing Program provides a compelling mix of financing options designed to meet the unique 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. The Deferred Payment Financing program permits equipment purchases of $150,000 and up 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,” commented Murray Lapides, founder and CEO of AVFX, Inc., a nationwide AV staging company based in Boston, Mass. “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,” commented 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, with the support of FX Financial, is tailoring 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's 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.
“We're excited about our partnership with Barco and eager to empower AV companies by providing a very reliable resource which enables them to invest in Barco quality today,” commented Alan Garretson, president of FX Financial based in Austin, Texas. “With more than 20 years of leadership as financial experts in the entertainment technology industry, we've customized these programs to meet the specific circumstances of rental/staging customers and taken the worry out of the financing process. For example, Barco's 5.99% Easy Application offer involves a simple one-page application that provides up to $150,000 in financing without the need for additional financial disclosure. Barco's customers can realize a quick ROI with these financing offers to help sustain and grow their business.”
For more information about the Equipment Financing Program, visit http://www.barco.com/en/financing/us.