Beacon Funding Assists Numerical Precision with Equipment Financing

CHICAGO, Jan. 11, 2012 /PRNewswire/ -- Bankers Leasing Group, a division of Beacon Funding, continues to approve and fund equipment financing transactions referred by bankers, CPAs, private equity firms and other institutions. As many firms have tightened or ceased funding, Beacon is pleased to continue to provide creative and competitive equipment financing products to clients across all industries.

Recently, Beacon Funding completed an equipment financing deal with Numerical Precision which manufactures close-tolerance, high-reliability components for satellites, commercial and military aircraft, the international space station, homeland security and other aerospace programs. Jeff Armstrong, Vice President of Beacon Funding's Bankers Leasing Group, worked with Numerical Precision to structure and fund a capital lease for a $263,000 AgieCharmilles Wire EDM machine used to manufacture products for NASA.

Egon Jaeggin, President and Founder of Numerical Precision, said, "We in turn are most appreciative for the cooperation and response given by Beacon Funding and the work of Jeff Armstrong. In the aerospace/space industry it is critical that we at NPI stay on top of the latest technology and machinery such as the new AgieCharmilles Wire EDM machine. This provides our customers including present and former NASA personnel the assurance that Numerical Precision will provide highly reliable products for their safe missions."

"Numerical Precision required very quick turnaround to execute the funding of their lease since the equipment had already been delivered and installed and the vendor payment date was approaching. Beacon Funding was able to quickly approve and fund the lease to meet the needs of Numerical Precision and its long-time, valued equipment vendor partner. We enjoyed working with the Company and congratulate Numerical Precision on recently being awarded Wheeling's Manufacturer of the Year Award," stated Jeff Armstrong.

ABOUT BEACON FUNDING CORPORATION

For the past 22 years, Beacon Funding Corporation has been providing equipment financing solutions to all types of organizations, new and established, throughout a variety of industries in the United States and Canada. For more information, please visit http://www.beaconfunding.com.

Contact:
Jeff Armstrong
Vice President, Bankers Leasing Group, a division of Beacon Funding Corporation
847-897-1759
[email protected]

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SOURCE Beacon Funding Corporation