Miller Electric Extends Zero-Percent Financing Program

With credit to small- and medium-sized businesses remaining tight, Appleton, Wis.-based welding company Miller Electric Manufacturing Co. has announced that it will extend its PowerLine Zero-Percent, 12-Month Financing Program through June 30, 2010, according to a company press release.

Miller, in partnership with Wells Fargo Financial, created the program, which offers business financing to qualified borrowers for purchases of Miller-brand arc welding and plasma cutting equipment and accessories. Since July 2009, the company says the program has helped more than 60 companies gain access to capital.

The zero-percent financing offer applies to $10,000-minimum purchases of any Miller brand equipment. Two-, three-, four- and five-year terms are also available, with rates subject to monthly charges. Application forms are available through participating Miller distributors.

“The number one advantage of Miller's zero-percent financing program is that it helped Felling Trailers manage our month-to-month expenses,” says Merle Felling, president and CEO, Felling Trailers Inc., Sauk Centre, Minn. According to the press release, his company traded in the last of its older welders to convert its fleet to newer, more advanced, energy-efficient XMT 350 multi-process inverters. Instead of a $47,000 cash outlay, the company will pay approximately $3,900 each month for 12 months.

More information is available at www.millerwelds.com.