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Canada's Magazine for Financing & Leasing Executives
 
 

April 12, 2014

New alliance will enable Seika’s customers to acquire advanced machinery for manufacturing

Mount Laurel, NJ--Marlin Business Services Corp., Union Bank, N.A., and Seika Machinery, Inc (SMI), have formed a strategic alliance that will provide financing solutions for SMI’s advanced machinery customers.

The strategic alliance facilitated by Union Bank will enable SMI’s customers to quickly and cost-effectively acquire the latest advanced machinery, including SMI’s line up of new inspection equipment, quality assurance products, surface mount technology and green technology. It will also enable Marlin to grow its presence in this industry segment.

“Marlin is proud to partner with SMI and offer an attractive and convenient financing program to their customers,” said Allen Snelling, Marlin’s vice president, National Account Sales. “We look forward to supporting SMI’s machinery sales as the U.S. manufacturing sector continues to expand.”

“We are pleased to offer our valued customers the combined benefits of acquiring superior advanced machinery along with financial terms that can make a positive impact on their bottom line,” said Michelle Ogihara, senior sales manager, SMI. “We look forward to a thriving relationship with Marlin Business Services Corp. and Union Bank.”

Marlin’s wide range of flexible financing options available to customers is accessible, affordable and delivered promptly with credit decisions made within hours.

“Union Bank is excited to facilitate the alliance with Marlin and Seika Machinery as Marlin provides customized financial solutions and streamlined financing for Seika’s customers,” said Union Bank Vice President and Program Manager Paul Knowlton.

Seika Machinery, Inc. (SMI) is a subsidiary of Seika Corporation, Japan and member of the Mitsubishi Global Group. SMI provides electronics manufacturers with advanced machinery, superior materials and engineering services.

Marlin Business Services Corp. is a nationwide provider of innovative equipment financing solutions for small and mid-size businesses. Since its inception in 1997, Marlin has financed a wide array of commercial equipment and software for a quarter of a million business customers. Marlin's mission is to offer convenient and cost-effective financing products while providing the highest level of customer service. Marlin is publicly traded (NASDAQ: MRLN) and owns and operates a federally regulated commercial bank, Marlin Business Bank.

Headquartered in San Francisco, UnionBanCal Corporation is a financial holding company with assets of $105.9 billion at December 31, 2013. Its primary subsidiary, Union Bank, N.A., provides an array of financial services to individuals, small businesses, middle-market companies, and major corporations. The bank operated 420 branches in California, Washington, Oregon, Texas, Illinois, New York and Georgia, as well as 2 international offices, on December 31, 2013. UnionBanCal Corporation is a wholly-owned subsidiary of The Bank of Tokyo-Mitsubishi UFJ, Ltd., which is a subsidiary of Mitsubishi UFJ Financial Group, Inc. Union Bank is a proud member of the Mitsubishi UFJ Financial Group (MUFG, NYSE:MTU), one of the world’s largest financial organizations. In July 2013, American Banker Magazine and the Reputation Institute ranked Union Bank #1 for reputation among its customers.


 

 

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