BARCO and American Express Introduce Leasing/Credit Programs

Barco has announced a new financing program for their dealer and rental partner network through an agreement with the American Express Company. The agreement is designed to allow Barco dealers, system integrators and rental partners to offer additional leasing and credit options through American Express' variety of business leasing solutions. The new Barco Leasing Program was implemented on June 1.

The agreement allows Barco dealers and rental partners to develop customized lease programs for customers purchasing Barco projection and display equipment, including LED displays, DLP(tm) Cinema, and LCD and DLP(tm) projection, thus making the decision and process to purchase equipment easier for the buyer. Benefits to the dealers include: the approval of credit terms up to $100,000 without the need to review the customer's financial records, 100% faxable documents (no need for original signature for purchases up to 100k), advance payments via faxable check or American Express Corporate Card, on-line credit application and process monitoring, credit decisions within hours of submittals on most transactions, and ability to offer leasing solutions on State & Federal Government projects. Additionally, a dedicated American Express leasing professional is appointed to assist the Barco customers with their customized leasing and general follow up. The new financing program also allows Barco dealers, system integrators and rental partners to provide additional or replacement equipment as needed to the customer, thus giving the customer an equipment solution without the risk of owning equipment that's inadequate for the future.

"Our dealers, system integrators and rental partners are key to our success, which is why we are extremely excited to offer this new leasing option and provide them with the tools they need to generate new business and sales," stated Tom Ray, Executive Vice President and General Manager, Barco Projection Systems, LLC, "By working with American Express, a trusted financial services company, this new leasing program allows us to provide our dealers, systems integrators and rental partners the opportunity to purchase the most state-of-the-art Barco equipment without worry, hassle and excessive costs."