Cold Jet, LLC announced a partnership with Huntington Bank to deliver customized financing options for the company’s dry ice blast cleaning and production systems.
CINCINNATI – August 4, 2009 – Cold Jet, LLC announced a partnership with
Huntington Bank to deliver customized financing options for the company’s dry ice blast cleaning and production
systems. Cold Jet helps companies determine which blasting system is best
suited for their cleaning applications and which production system will meet
their dry ice needs. As a result of the partnership, Cold Jet’s North American
customers now have the option to lease the systems through the experts from
Huntington Equipment Finance, which provides financial consultations in regards
to balance sheet treatment, tax savings, cash flow, equipment obsolescence and
financing costs.
Leasing
through Huntington will help companies avoid technological obsolescence while
allowing them to preserve existing credit lines and use operating funds instead
of capital. The leasing options can include extended warranties and service
plans, and match benefits to costs, which allows companies to pay as they use
equipment. Huntington offers low rates on both Operating leases and capital
programs up to $1 million in value for 12 to 60 month terms.
“Perhaps
the most exciting aspect of this partnership is that we are making financing
options available to our customers during a time when financing is very
difficult to find,” said Brian Allen, vice president of sales for Cold Jet.
“Even during these difficult economic conditions, companies are still making
investments, and we are excited to have found a trusted financial partner that
will work with our customers on a one-to-one basis. We have worked with
Huntington to ensure the lowest monthly payment, and negotiated flexible lease
options that allow customers to either own our systems at the end of the lease
terms or have the option to return the equipment, purchase it at fair market
value or continue to lease.”
“We are excited about partnering
with Cold Jet,” stated Rob Allanson, president of Huntington Equipment
Finance. “Our goal will be to provide its customers with access to
customized and flexible financing and leasing options.”
Cold
Jet’s family of dry ice blasting systems includes the Aero Series, designed to provide mobile,
efficient, economical and environmentally responsible support for the most
difficult cleaning challenges, and the i3MicroClean for precision and controlled
environment applications. The company’s fully automated production (pelletizer) systems are being used by every
major gas company in the world and have been specially engineered to produce
the highest density extruded dry ice available. Cold Jet’s dry ice has a longer
shelf life, offers better transportability, and delivers better blasting
aggression.
The
credit application process takes as little as 24 hours, and includes
easy-to-read, one-page lease documentation. Companies interested in learning
more about the leasing options through Huntington can visit http://www.coldjet.com/en/company/leasing.php
or contact Cold Jet at 1-800-337-9423.
Cold Jet, Huntington Bank Partner to Provide Custom Finance Options