Mackie Launches On Line Financing Program In Partnership With FIRSTCORP

Mackie Designs (NASDAQ:MKIE) and FIRSTCORP are now offering a new customer financing program via U.S. Mackie dealers.

Customers can apply for a single transaction or be pre-approved for a line of credit that will be honored at any Mackie authorized dealer in the United States. The new program offers fixed rate financing from 12 to 60 months, and leasing options for those customers looking for lower monthly payments.

The program also offers 100 percent financing with no down payment required; preservation of bank lines, credit cards and cash; a simple application and approval process; and leasing with the option of a cash buyout. All Mackie branded products are eligible under this program.

“Many of Mackie’s customers purchase large amounts of gear for touring or permanent installation into recording studios,” stated Jay Schlabs, National Sales Manager at Mackie. “We recognize that the immediate cash outlay for these types of purchases can be high and that many of our customers are seeking a real cash flow solution. In partnership with FIRSTCORP, we have developed a comprehensive financing/leasing platform that makes it easier for our customers to purchase the best gear possible without drawing down lines of credit or capital reserves.”

The online application is available 24 hours a day, seven days a week by accessing the Mackie web site home page. Dealers can also provide the application in hard copy or refer interested customers to Scott Glass at Firstcorp, where they can apply by phone at 800-247-3722, extension 127.

"Our experience in this market has shown that audio equipment buyers frequently leverage financing,” said Russ Munson, Managing Director of FIRSTCORP. "Our goal is to build a strong working relationship with Mackie dealers and, in turn, help their customers with easy financing solutions. By working together, FIRSTCORP, Mackie and their dealers will be able to ensure that customers who desire quality audio equipment can acquire that technology in a simple, fast and efficient procedure that meets their individual budget or cash flow needs.”