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Article: Money makes the spindles go round: the significance of asset finance providers to machine tool users has grown, and they fit comfortably within the scope of MACH exhibitors.(production management)(Industrial Equipment Finance)(Bank of Scotland Business Banking)
- Article from:
- Metalworking Production
- Article date:
- April 1, 2004
CopyrightCOPYRIGHT 2004 Centaur Communications Limited. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEWS that Close Asset finance (CAF) has become the first finance company to be elected as a member of the MTA highlights the growing significance of this service to machine tool users. The company's philosophy has been to develop an understanding on a personal level, of the finance requirements of SMEs in the UK manufacturing sector. To be fair this also applies to Bank of Scotland Business Banking, and Industrial Equipment Finance (IEF), the other finance providers exhibiting at MACH 2004.
Specifically, CAF's approach is to understand the asset and what that asset can do for a business. This leads on to underwriting new or used equipment, in many cases allowing ...