United Grinding North America, Inc. recently named National Machine Tool Financial Corporation (NMTFC) 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.
United Grinding 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, president and CEO of United Grinding North America, Inc. “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 to assist United Grinding customers.
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.
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.
For more information about United Grinding products and NMTFC financial services, visit grinding.com and netlease.com, respectively.
