Accu-Router, a builder and overhauler of high-speed CNC machinery, announced a new alliance with National Machine Tool Finance of Elk Grove Village, Ill.
National Machine Tool Finance is a flexible lender, meaning Accu-Router applicants will have instant access to a network of funding sources tailored to their credit profile, providing a viable alternative to local banks with tightening criteria and often no experience in equipment financing, according to the company.
As part of the program, visitors to www.accu-router.com can generate an instant lease estimate at their desired price, output in the visitor's choice of HTML or printable PDF format.
National Machine Tool Finance offers the following financing options:
? Lease-to-own, with equipment title transferring for $1 at the end of the term
? Operating leases, effectively a rental program that can be renewed at the end of the term, or equipment may be purchased for pre-established fair market value
? Applicants with qualifying credit can enjoy 90 to 180 days before payments begin
According to the Small Business Legislative Council, the HIRE Act, Public Law 111-147, increases temporarily the direct expensing allowance for capital assets found in Section 179 to $250,000 for the allowance and $800,000 for the overall cap through the end of 2010. In 2011, the amounts revert to pre-2003 levels of $25,000 and $200,000 and they are not indexed.
For most American manufacturers, that means that capital equipment installed by 12/31/10 will benefit from up to 35 percent bottom-line tax savings. Accu-Router and National Machine Tool Finance provide a 2010 capital equipment tax calculator for download at http://www.accurouter.com/rebuilds.html.
"In our 23 years, we've learned the machine buyer who finances wants a simple, non-invasive application process, competitive rates and high approvals. More than anyone we've ever worked with, NMTF far exceeds every criteria. We're pleased to bring them into North American CNC routing," says T.R. Herzog, Accu-Router's sales director.