Stairlock

Manufacturers know that keeping production equipment up to date with the latest advances in technology is crucial if they want to stay competitive. But frequent upgrades can play havoc with cash flow.
This was the challenge faced by Stair Lock, a privately-owned family business that manufactures and supplies staircases and balustrades for residential and commercial buildings.

Stair Lock needed to upgrade their equipment to improve their manufacturing efficiency and expand into the Queensland market. Since August 2006 they have financed a variety of business equipment from The Leasing Centre, including factory machinery, forklifts and computer hardware and software.

“By allowing us to constantly upgrade our IT, manufacturing equipment and production systems, finance from The Leasing Centre helps us to keep our status as the market leader and maintain our competitive edge,” said Bobbi Bohrnsen, Stair Lock’s Accounting and Administration Manager.

Stair Lock also enjoys some cash flow benefits from using finance from The Leasing Centre. “I like that you can claim 100% of the rental up-front as an operating expense for tax purposes,” Ms Bohrnsen said. “It also eliminates some administrative chores like depreciation calculations and balance sheet entries.”

Ms Bohrnsen also appreciates The Leasing Centre’s flexible business equipment finance options. “I liked the fact there was no balloon payment and no residual value liability,” she said.

PLEASE CALL US TODAY ON 1800 640 738 TO ARRANGE A NO-OBLIGATION CONSULTATION WITH A DEDICATED ACCOUNT MANAGER TO DISCUSS THE BEST BUSINESS EQUIPMENT FINANCE SOLUTION FOR YOU.