U.S. Bank and Star SU Announce New Financing Program
MINNEAPOLIS – September 5, 2012 – U.S. Bank Equipment Finance – Manufacturing Vendor Services Group and Star SU LLC announced a new agreement that will support customers in the acquisition of new Star SU machine tool equipment.
The new equipment finance and leasing program provides Star SU customers with flexible options that include capital and true leases with up to 100% financing. In addition, U.S. Bank Equipment Finance will offer competitive rates, short term rentals and an industry leading “application only” program for qualified customers.
“We are pleased to be able to join forces with Star SU and its customers,” said Ken Rector, executive vice president, U.S. Bank Equipment Finance – Manufacturing Vendor Services Group. “Our financing program will make it easier for businesses to acquire Star SU equipment to help maintain an edge in this competitive market.”
“We are excited to work with U.S. Bank to help our customers find new finance programs to enable them to obtain new productive machine tools,” said David Goodfellow, CEO, Star SU.
For more information, please contact Star SU at email@example.com or by calling us direct at (847) 649-1450.
About Star SU
Star SU is the go-to-market cooperative partnership of Star Cutter Company of Farmington Hills, MI, SU America, Inc., the US sales and manufacturing unit to Samputensili, S.p.A., and Bourn & Koch Inc. of Rockford, IL. The companies together represent one of the world’s largest gear machine, tool and gear tool manufacturing producers.
About U.S. Bank Equipment Finance
U.S. Bank Equipment Finance, one of the largest equipment finance providers in the nation, has been providing quality equipment finance solutions for more than 40 years. The Manufacturing Vendor Services group offers manufacturers and vendors flexible and competitive lease financing for metal cutting, fabrication, plastics and packaging equipment.
About U.S. Bancorp
Minneapolis-based U.S. Bancorp (NYSE: USB), with $353 billion in assets as of June 30, 2012, is the parent company of U.S. Bank National Association, the fifth-largest commercial bank in the United States. The company operates 3,080 banking offices in 25 states and 5,085 ATMs and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions. U.S. Bancorp and employees are dedicated to improving the communities they serve, for which the company earned the 2011 Spirit of America Award, the highest honor bestowed on a company by United Way. Visit U.S. Bancorp on the web at www.usbank.com.