2008-04-29 23:48:10 -
- Susquehanna Bancshares, Inc. Stephen Trapnell, 717-625-6548 communications@susquehanna.net or Reverb -- DBC Bryan Evans, 215-957-0300 bevans@dbcommunications.net Susquehanna Commercial Finance, Inc., has been selected as a preferred finance company by Wilcom, a global company that provides sophisticated software and equipment for commercial embroidery and tufted rug manufacturers.
As the preferred finance company for Wilcom America and
its distributors in the United States, Susquehanna Commercial Finance provides a full line of financing programs to the manufacturing companies that use Wilcom's software and equipment.
"We can work with Wilcom's customers to find the best solution for them, drawing on options such as loans and leases, as well as Fair Market Value (FMV) leasing products," said Donna Wesemann, Vice President of Sales for Susquehanna Commercial Finance. "We're excited to work with Wilcom so that their customers have the flexibility to finance design software or equipment as a monthly expense, instead of purchasing them as part of a capital budget."
"We are very pleased to offer our customers this added financing service. The software and hardware Wilcom provides can be essential business tools for revenue generation so it's important for our customers to be able to implement them in their business as quickly as possible," said Greg Ross, General Manager of Wilcom America. "Our partnership with Susquehanna Commercial Finance means we can work with our customers to establish their business needs, as well as having the assurance of a quality finance company, who can provide expert advice and process the financing quickly."
About Wilcom
Wilcom has been developing sophisticated CAD, CAM and machine control solutions for over 27 years. A global organization headquartered in Sydney, Australia, Wilcom has continually delivered innovative hardware and software for its customers who specialize in embroidery, rug & carpet design and manufacturing. Wilcom's product offerings include systems for tufted rug and carpet manufacture, CAD/CAM technology for textile design and production and complete workflow solutions for all aspects of embroidery design and manufacture. With customers in more than 70 countries, Wilcom is a global provider of systems supporting all major types of embroidery machines and carpet & rug machines in all segments of the industry. A complete company history and product suite is available at www.wilcom.com.au.
About Susquehanna Commercial Finance
Susquehanna Commercial Finance provides leasing and financing solutions to businesses and other organizations nationwide, specializing in transactions for commercial-use equipment and software. It is a subsidiary of Susquehanna Bancshares, Inc. (Nasdaq:SUSQ), a financial services holding company with assets of $13 billion. For additional information about Susquehanna Commercial Finance, please visit www.susquehanna.net/scf.
Susquehanna Bancshares also includes three commercial banks that provide financial services at 235 branch locations in the mid-Atlantic region. Through Susquehanna Wealth Management, the company offers investment, fiduciary, brokerage, insurance, retirement planning, and private banking services. Susquehanna also operates an insurance and employee benefits company and a vehicle leasing company. More information is available online at www.susquehanna.net.
Financing Now Available for Wilcom's Software & Equipment for
Embroidery & Rug Manufacturers
