Leading regional distributor and rental company Modern Group Ltd, based in Bristol, Pa., has entered into an agreement with CNH Capital America LLC, the Racine, Wis.-based financial services business of construction equipment manufacturing giant CNH Global to offer the Modern Group Ltd. Preferred Card. The card is a dedicated line of credit Modern customers can use for parts, service and rental purchases.

“Modern works hard to understand the requirements of its customers and to provide them with the solutions they need to succeed in business,” said David Griffith, president and CEO of Modern Group. “With the Modern Group Ltd. Preferred Card offered by CNH Capital, we look forward to offering many payment specials that will make it easy for our customers to keep their equipment in peak working condition, with options like 90 days of no payments and no interest.”

The credit line was designed from the ground up to help Modern’s customers manage their cash flow by allowing them to easily monitor their parts, service and rental purchases with easy-to-read monthly statements.

“CNH Capital is delighted to offer custom financing solutions to one of the nation’s largest equipment distributors,” said Don Pralle, senior director, CNH Capital Partner Programs. “We look forward to providing Modern and its customers with equipment financing strategies that support their mutual growth and success.”

Modern Equipment is No. 41 on the RER 100. In 2006, Modern had total revenue of $180 million, with $38.3 of rental revenue, from 22 locations.