al additional paydown and loan term adjustments are just some of the options we can include to provide maximum financial flexibility. Therefore, you can have low payments without locking yourself into a long-term commitment. “Interest rates have risen and are projected to continue to be increased during 2023 by the Federal Reserve. Our financing options are fixed rate, allowing you to protect against rising interest cost. We can also refinance existing floating rate debt into fixed rate programs. “Unlike bank lenders, our financial terms and struc- tures are set based on the parameters which best serve the needs of each individual borrower. We do not burden clients with blanket liens, restrictive loan covenants and personal guarantees as are typically required by other lenders. We provide lending terms which you deserve based on your financial strength and time in business, not as dictated by bank regulators. Additionally, due to our large financial services volume, EFC can offer rates which are competitive to that of other lenders.” Call (770) 714-0662 or email ed@efc-finance.com. STAFFORD CORRUGATED PRODUCTS Indian Trail, North Carolina: Tony D'Aprile reports, “‘We’ve got our customers covered’ is a slogan Stafford has ad- opted for some time and has never been more relevant. With our nation turning more and more to online commerce, moving products in cor- rugated boxes is playing an ever-in- creasing economic role. At Stafford, we have always been committed to covering our customers with a steady flow of high quality, in stock products needed to keep your production running at peak performance. “Our products include die cylinder inserts and bolts, printing accessories including state-of-the-art clean- ing products, most wheels and rollers, tab knives, many hard-to-find machine parts, glue application items, scores, creasers and collars and a variety of rotary and flat die carts, racks and stands. Our highly acclaimed knuckle lock anvil covers are now the number one anvil cover used in the USA. Customers are quickly sold on these anvil covers once they realize the endurance they have. Additionally, Stafford’s commitment to keeping anvil covers in stock has helped win over customers tired of long delays in getting these vital products. Finally, it is important to note the time savings these anvils produce by fast and easy rotation and replacement. “As our customers grow so too must our product line and inventory. This past summer we moved into our new 50,000+ square foot headquarters. This facility more than doubled the size of our previous building. Having in stock quality products in a state-of-the-art facility is only part of what it takes to earn and maintain your business. At Staf- ford, we believe customers having personal contact with our team is vital. You will always reach someone in custom- Tony D'Aprile
chines alike can take advantage of our latest innovations and technology to dramatically improve efficiency and productivity. “While CoparSolutions primary products focus on the corrugator, finishing equipment is also an important part of our business. Enhanced glue extrusion controls and jam detection systems that save product and time are some of converting solutions. “We also offer a full range of services. We have signifi- cantly expanded Copar Electric, our electrical installation division. We handle the mechanical and electrical installa- tion of our own products, but we also provide installation services for OEM equipment as well as other miscella- neous electrical services for facilities. “Looking forward to the coming year, we will remain dedicated to the Research and Development of the next generation of our technology and innovative products. We have new products on the horizon that will enhance se- curity and make our products better, easier, and smarter. Speaking for the entire CoparSolutions team, we thank all our customers and OEM partners for their loyal support. We look forward to continued partnerships and a success-
ful 2023 for all.” Visit coparsolutions.com . EQUIPMENT FINANCE CORPORATION
Atlanta, Georgia: Ed Gargiulo reports, “With the continued growth in packaging demand and the need for addition- al production capacity, 2022 was another record year for
EFC in providing long term, fixed rate financing for corrugated converting machinery. “With the days of large brick and mortar stores becoming outdated, rising demand for corrugated con- tainers for ecommerce should con- tinue to expand. While increased
Ed Gargiulo
demand works in everyone’s favor, it has created major la- bor issues the likes of which the industry has never experi- enced. Hopefully, your employees have been and contin- ue to be healthy, but it is clear that the major challenge to all businesses, but especially for packaging manufactur- ers, will be the continued shortage, and much higher cost, of plant labor. “That fact reinforces the requirement for continued investment new less labor intensive, efficient and high speed production equipment. The cost of new equipment continues to rise due to demand and inflationary pressures but such investment in new plant machinery is an absolute requirement in the current and future marketplace. “Fortunately for our clients, Equipment Finance offers 7, 8, 10, 12 and 15 year amortization repayment programs for new corrugated manufacturing equipment which can significantly reduce monthly payment requirements. We typically fund of up to 100 percent of machinery project costs including site prep, electrical, etc. The same 100 percent financing is available for used equipment projects with terms of up to eight years. Early prepayment, annu-
CONTINUED ON PAGE 36
35
www.boardconvertingnews.com
March 13, 2023
Made with FlippingBook Ebook Creator