16 Nov 2001
MachinePoint and First International Bank Achieve Agreement To Offer Financing For Online Machinery Trade Transactions
Madrid, Spain – July, 2001 – MachinePoint, the world's largest used Plastics & Rubber machinery marketplace, and First International Bank, specialized in providing innovative credit, trade, and financial solutions for small to medium sized industrial companies, have reached an agreement to offer online machinery trade transactions financing. With this new service, MachinePoint will rely on First International Bank's flexible and attractive loan programs to enhance its competitiveness in today's global marketplace, continuing its campaign to enhance its customer services.
César Rodriguez, MachinePoint Chairman and CEO, stated that, “We are delighted to be able to partner with First International Bank. This initiative expands our e-offerings and allows our customers to access commercial loan guarantee programs and manage them online from MachinePoint’s web site. In addition, this initiative will enable First International Bank to offer customers a wide array of financial products: from basic payment guarantees, working capital lines, equipment loans and industrial mortgages to sophisticated international trade program “Mr. Rodriguez added, "We chose First International Bank because of its ability to satisfy present requirements. Furthermore, First International Bank has demonstrated market leadership, corporate vision, and a viable support structure through multiple deployments. Our alliance with them will allow us to offer our customers a superior online financing management experience."
MachinePoint and First International Bank will integrate these online financing options using ThruCredit(sm), the bank’s technological solution for financing industrial transactions via the Internet. Buyers and sellers will be able to settle transactions and meet their other business credit needs via the MachinePoint platform by choosing from a full range of credit solutions through First International’s e-CreditMenu(sm).
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MachinePoint Ltd
Parque Tecnológico Boecillo
Edificio C.E.E.I. - 2.01
E- 47151 VALLADOLID
Spain
Spain
Notes for editors
About MachinePoint Ltd.
MachinePoint Ltd., www.machinepoint.com, is a UK registered company and a world leader in pre-owned industrial equipment. At its web site, www.MachinePoint.com, MachinePoint gives access to more than 4,000 machines, with an average monthly turnover of 11%. This is the largest plastics and related machinery database available. The continuous growth of the company and added value it offers to its customers involved in transactions account for a large number of trading professionals (dealers, brokers, machine manufacturers, etc) who have joined MachinePoint as Expert Members. Currently, over 250 members have posted their machines at MachinePoint, attracting more than 13,000 professional, qualified visits per month.
MachinePoint is located in Boecillo, Spain. The company strives to provide top quality service and products into the next millennium. For additional information on MachinePoint Ltd. or the service that they offer visit their Web site at https://www.machinepoint.com or call +34.983.549900.
About First International Bank and First International Bancorp Inc.
Financing Industry Worldwide sm
First International Bank (www.firstinterbank.com) – a world leader in the use of SBA, USDA, and Export-Import Bank loans – provides innovative credit, trade, and financial solutions for small to medium sized industrial businesses. The company has more than 200 employees and representatives in 29 locations worldwide, including offices coast-to-coast in the U.S. and international representatives located in the Americas, Asia, Africa, the Middle East, and Central Europe. In 2000, the company originated more than $500 million in loans primarily within its industrial niche, and closed the year with a managed loan portfolio of $1.3 billion. Established in 1955, the bank is a subsidiary of publicly traded First International Bancorp Inc. (NASDAQ: FNCE), with headquarters in Hartford, Connecticut.
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