Commercial Equipment Financing Rates

Why choose dbs equipment financing.

Commercial equipment financing rates.

Finance the cost of your equipment and commercial vehicles through dbs equipment financing facility. Borrow as much as 90 of the value for up to seven years. Equipment financing loans. Lock in a low lease payment with agdirect s special lease residuals.

Capital equipment loans are typically loans from banks and or finance companies led to a company for the purpose of acquiring. Equipment financing rates are determined based upon the size of the lease your credit score and payment history and where your business is located. At uob commercial banking we provide financing for a wide range of machinery and equipment. 5 of the amount financed.

Equipment priced less than 100 000 usually comes with a higher finance rate anywhere from 8 to 20. This being said the repayment terms on equipment financing are usually five to six years although some lenders may offer longer terms up to 10 years. Special pro and put residuals on new and late model used 2015 or newer combines for a limited time only. Insert a range of interest rates to demonstrate the effect on the payment or loan.

Maybank offers hire purchase facilities for a wide range of machinery and equipment as well as commercial vehicles to enhance your business capabilities. With equipment financing the equipment acts as collateral. Equipment financing average costs. If the company applied for a standard business term loan it would likely face high rates and shorter terms due to the inability to provide collateral.

Overall equipment financing rates typically range from 4 to 40 varying of course based on the lender your business s qualifications and the equipment you re purchasing. For more details visit any of our uob branches or request a callback from us. The two primary means capital equipment loans. For this reason businesses with subpar credit or less than two years in business can access the three advantages mentioned above.

Buy the equipment you need to grow your business with minimal upfront capital. To assist you in your planning we are pleased to provide you with a loan repayment schedule for your commercial vehicle or machinery equipment financing needs. Loans from 25 000 get the equipment. Under this financing arrangement the bank will pay the vendor directly for your purchase and amortise the loan over a period of up to 8 years to ease your cashflow.

Special pro put and fpo residuals on new and used grain carts dump carts forage wagons dump wagons tillage equipment and heads cornheads drapers platforms. Control your costs with competitive interest rates. Equipment loans are available for amounts of 25 000 and up no maximum on a wide range of equipment types and commercial vehicles greater than 2 5 tons.