Hibernia Provides 'Rebuild Your Business' Flexible Line of Credit for Equipment Leasing
17 Outubro 2005 - 12:20PM
Business Wire
Hibernia National Bank (NYSE:HIB) today announced another product
designed to help companies rebuild their businesses following
hurricanes Katrina and Rita. The "Rebuild Your Business" equipment
line of credit features 100 percent financing and flexible,
deferred payments to allow businesses to quickly lease needed
office equipment, computers, furniture, telephone systems,
restaurant equipment, tractors, trailers and more. Chris Bucher,
Senior Vice President and Equipment Finance manager, said the
equipment line of credit will be structured with no down payment,
immediate funding and deferred payments until 2006. It will offer
long-term financing that corresponds to the useful life of the
equipment. "We recognize the challenges many businesses in
Louisiana and Southeast Texas face in getting their companies up
and running," Bucher said. "These equipment leases are designed to
help supply the equipment needed to rebuild their companies so
small businesses can quickly return to serving the needs of their
customers." Bucher said Hibernia will work with customers to
structure a payment plan that matches their cash flow. Hibernia
earlier announced two unsecured line-of-credit products that
provide short-term cash until business owners receive expected
funding from the Small Business Administration or an insurance
settlement. They also feature minimal documentation and quick
funding turnaround. Bucher said the first payment on these lines of
credit will not be due for 60 days to further assist businesses in
getting back on their financial feet. Small businesses that
currently do not bank with Hibernia are welcome to apply for these
equipment leases as well, he added. To apply, small-business owners
can visit any Hibernia branch office or call Hibernia
Small-Business Leasing at 1-800-871-6125. Hibernia is on Forbes
magazine's list of the world's 2,000 largest companies and Fortune
magazine's list of America's top 1,000 companies according to
annual revenue. Hibernia has $22.1 billion in assets and 321
locations in 34 Louisiana parishes and 36 Texas counties. Hibernia
Corporation's common stock (HIB) is listed on the New York Stock
Exchange.
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