McLeod Software announces the creation of an internal financing division, McLeod Financial Solutions. To address tightening credit and financing options within the marketplace, McLeod Financial Solutions offers flexible bank rate funding options for the purchase of McLeod's transportation productivity tools. McLeod Financial Solutions' prime objective is to help customers access both short- and long-term funding to improve their businesses.
Financing technology upgrades have become more of a challenge for most trucking companies and brokers in recent months. McLeod Financial Solutions will offer a variety of financing options, including 100% financing plans, 0% interest programs, and fixed-rate long-term financing up to 72 months via a direct relationship with leading banks. Customers have indicated to McLeod management that one-stop shopping and turnkey programs including software, hardware, training, and implementation in one monthly payment make sense to them in tough economic times.
McLeod Financial Solutions' new financing options give those who want access to sophisticated business systems the power to upgrade without having to draw on existing credit lines or cash reserves or request a major capital budget increase within their organization.