National City Media Finance, Vitec partner on financing
The Vitec Group, Camera Dynamics Inc., has signed a financing partnership with National City Media Finance, a division of National City Commercial Capital Company, LLC (NC-4), to provide custom financing programs to the broadcast and media industries.
The Vitec Group, Camera Dynamics brands include: Vinten, Vinten Radamec, Sachtler, OConnor, Petrol, and Autoscript. The comprehensive customer-finance initiative is immediately available to customers throughout the United States —from individuals up to large media organizations—and covers all Camera Dynamics Inc. brands.
NC-4 is an affiliate of National City Corporation (NYSE: NCC), one of the nation’s largest financial holding companies.
The financing plan enables a buyer to amortize the investment in Camera Dynamics equipment, over an extended period of time.
Director of Robotics Sales, Gary Rotondelli, explains, “In terms of larger project investments such as robotics installations, the buyer can see a return on the investment in three or four years. By employing our financial services program the owner can offset monthly savings to the cost of the system.”
“National City Media Finance, as part of one of the nation’s largest financial institutions, combines financial strength with the knowledge and understanding of the broadcasting, entertainment and photographic industries to create unique financing programs,” said Russ Munson, Senior Vice President of National City Media Finance. “In essence, our programs are scalable and flexible, allowing media companies to match the monthly cost savings to a monthly expense over a 24 to 60 month period.
“We’re very excited to offer more options and convenience to our customers. This financial program gives the small business professional as well as larger organizations a powerful new tool to either start up or expand their business without worrying about budget limitations,” says Bob Carr, President of Camera Dynamics, Inc.