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Small machine makers spending more on big equipment
Businesses that make machines and components for other manufacturers are seeing improvements that could be a sign of positive changes for the broader U.S. economy. One key indicator, as reported by the Associated Press, is the number of loans being made to these types of companies. Read more¹ about how U.S. Bank's lending through its Manufacturing Vendor Services division, is up 15 percent this year from the same period of 2011.
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Source: The Association for Manufacturing Technology¹ |
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U.S. Bank Small Business survey highlights manufacturing
According to a Small Business survey from U.S. Bank, businesses with more than $1 million in annual sales are rebounding from the recession. Thirty-four percent said they plan to bring on additional workers in the next year, and 58% expect revenue to grow in 2012. This trend is particularly strong in the manufacturing sector.
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U.S. Bank's Anthony Cracchiolo featured in leader roundtable
In an article that recently appeared in The Monitor, President & CEO of Vendor Services for U.S. Bank Equipment Finance Anthony Cracchiolo, talks about the opportunities and challenges in the vendor finance market in 2012. A member of the board of directors of the ELFA¹, Anthony shares a positive outlook towards the diverse equipment segments including manufacturing, technology and software, medical and healthcare, office imaging and construction in the United States. "Looking forward to 2013, we expect continued economic recovery and improving equipment markets," declares Anthony.
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Places to find top employees and support our veterans
U.S. Bank is committed to supporting members of the armed forces and their family members. Our Proud to Serve program touches and involves our 63,000+ employees across America and includes recruiting veterans to work at U.S. Bank and supporting the needs of our employees who are military family members. Manufacturing and machine tool companies are often interested in recruiting and supporting the military. If you are looking to fill jobs, here are two resources that may be useful for those efforts: U.S. jobs by the National Labor Exchange¹ and Hero 2 Hired¹.
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| Hear what industry experts have to say about US |
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Recently U.S. Bancorp chairman and CEO Richard Davis was featured on CNBC’s Mad Money with Jim Cramer. Watch the video¹ to learn more about U.S. Bank’s commitment to military hiring initiatives and how the bank has been able to outperform the competition. |
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*Manufacturing lease transactions funded under $150,000
Source: U.S. Bank Equipment Finance - Manufacturing Vendor Services |
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Please contact us to learn more
or to discuss any financing needs:
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U.S. Bank Equipment Finance
Manufacturing Vendor Services
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