Marlin and Manitowoc Launch New Financing Program

MOUNT LAUREL, N.J. -- Marlin Business Services Corp. and Manitowoc Foodservice, a division of The Manitowoc Co. Inc., have formed a strategic alliance to provide financing solutions for Manitowoc's channel partners and equipment purchasers nationwide.

The alliance will enable Manitowoc customers to quickly and cost-effectively acquire the equipment and technology needed to expand and grow, while helping Manitowoc's channel partners improve transaction efficiency, the companies stated. The alliance will also enable Marlin to further grow its presence in the growing foodservice industry.

"We are proud to offer flexible financing plans with competitive terms to Manitowoc customers under this new program," said Dan Dyer, Marlin's CEO. "With our origination and underwriting capabilities and expertise in the foodservice industry, Manitowoc channel partners and customers can expect best-in-class service."

Marlin Business Services is a nationwide provider of 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.

"We look forward to a thriving relationship with Marlin Business Services Corp.," said Dean Landeche, Manitowoc's senior vice president of marketing. "For foodservice operators of all types, being able to purchase our products with more ease and with the backing of a strong and reliable organization like Marlin is an exceptional benefit. For our channel partners, Marlin's support will mean improving the speed of business by eliminating long approval waiting periods, giving Manitowoc channel partners another smart competitive advantage."