Merrill Lynch Announces BFS Equipment Leasing to Help Clients Grow Their Businesses
Merrill Lynch (NYSE:MER) introduces BFS Equipment Leasing(R), a new equipment financing program for clients of Merrill Lynch Business Financial Services, a wholly owned subsidiary of Merrill Lynch Bank USA.
The new program provides convenient, online lease financing from $10,000 to $2 million-plus for a wide range of commercial equipment. This includes computers, software, telephone and voice-mail systems, medical, dental and diagnostic equipment, construction and materials handling/industrial equipment, and more.
"Our business clients have expressed a need for a broader range of equipment financing solutions to be available through their Merrill Lynch relationship," said David W. Tralka, First Vice President, Merrill Lynch Business Financial Services. "BFS Equipment Leasing broadens the products and services that we provide to our small and midsize clients and makes it easier for them to acquire the tools and equipment they need to grow their businesses successfully."
Merrill Lynch Business Financial Services is working with De Lage Landen Financial Services, Inc. of Wayne, PA, the North American subsidiary of De Lage Landen International B.V. of the Netherlands and a leading international provider of high quality asset-based financing products, to provide this comprehensive new program.
"We are pleased to work with a firm possessing such an in-depth knowledge of our business needs," Mr. Tralka said. "As a global leader in lease management services, De Lage Landen allows us to offer our clients competitive equipment financing combined with client service excellence."
"We look forward to working with Merrill Lynch Business Financial Services in adding value for their clients and business partners, said Carlo van Kemenade, Vice President and General Manager of De Lage Landen's Outsourcing & Servicing Group. "With more than 30 years of experience in the leasing industry, we have the knowledge and expertise to help their clients gain a competitive advantage in an increasingly competitive marketplace."
BFS Equipment Leasing is accessible through the Merrill Lynch Business Center (www.businesscenter.ml.com), which integrates a comprehensive range of online services, including online account access, product services and information on cash management, financing, retirement planning and selling your business, as well as online business banking.
De Lage Landen Financial Services, of Wayne, PA, is part of De Lage Landen International B.V., an international provider of high quality asset-based financing products. The company, headquartered in Eindhoven (the Netherlands), is a wholly owned subsidiary of the Dutch Rabobank Group.
With offices and joint ventures in 20 countries throughout Europe, the Americas, Australia and New Zealand, De Lage Landen specializes in asset financing and vendor finance programs internationally, with a focus on the following industries: Agriculture and Food, Healthcare, IT, Materials Handling and Construction Equipment, Office Equipment, Telecom and Bank Outsourcing. Domestically, the company concentrates on a broad range of leasing and trade finance products. For more information, please visit www.delagelanden.com .
Merrill Lynch is one of the world's leading financial management and advisory companies with offices in 36 countries and total client assets of approximately $1.3 trillion. As an investment bank, it is a leading global underwriter of debt and equity securities and strategic advisor to corporations, governments, institutions and individuals worldwide. Through Merrill Lynch Investment Managers, the company is one of the world's largest managers of financial assets. For more information on Merrill Lynch, please visit www.ml.com .
Merrill Lynch, New York
SOURCE: Merrill Lynch