IRG Power Systems
In addition to IRG's procurement services, our financing services offer
customers a unique advantage that cannot be provided by most
suppliers. With a simple credit application, IRG can finance
any and all shipments to customers.
Typically, our international customers find that the interest rates
offered by IRG provide a significant savings over interest rates available
from their local banks. By financing the purchases of our customers,
these companies find that they can purchase our product, manufacture their
equipment, sell their equipment, and collect their customer payment prior
to having to pay the IRG invoice. The cash flow benefits of this
program offers many customers a true competitive advantage and cost
- Our customers provide information about the product, material, or equipment they require.
- IRG provides a quotation for the materials required. If
requested, IRG will include financing terms as part of the quotation.
- At the time of placing an order, the customer completes our standard
credit application including 3 commerical references and 1 bank
- Upon approval of the credit application, IRG will confirm the
financing terms and order.
- Upon shipment of the order, the invoice will include a line item
including the cost of financing for the time period financed.
|Typical Interest Rate:
||12 - 15% per year.
|Typical Time Period Financed:
||60 - 180 days
|Typical Amounts Financed:
||$ 15,000 - $ 500,000.
Note that higher amounts may be financed with additional credit
|Credit Application Required:
||IRG Standard Credit Application with 3 Commercial
References & 1 Bank Reference.
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