Commercial Equipment Financing Rates

At uob commercial banking we provide financing for a wide range of machinery and equipment.

Commercial equipment financing rates. Why choose dbs equipment financing. Finance the cost of your equipment and commercial vehicles through dbs equipment financing facility. 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. Lock in a low lease payment with agdirect s special lease residuals.

Maybank offers hire purchase facilities for a wide range of machinery and equipment as well as commercial vehicles to enhance your business capabilities. Special pro and put residuals on new and late model used 2015 or newer combines for a limited time only. 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. Equipment financing loans.

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. For more details visit any of our uob branches or request a callback from us. 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. Buy the equipment you need to grow your business with minimal upfront capital.

Insert a range of interest rates to demonstrate the effect on the payment or loan. Interest rates for equipment financing. For this reason businesses with subpar credit or less than two years in business can access the three advantages mentioned above. Equipment financing average costs.

With equipment financing the equipment acts as collateral. Equipment priced less than 100 000 usually comes with a higher finance rate anywhere from 8 to 20. With our attractive interest rates and flexible repayment period you can now acquire the machinery and equipment you need for your business while better managing your cash flow. 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.

5 of the amount financed. Capital equipment loans are typically loans from banks and or finance companies led to a company for the purpose of acquiring. 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. 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.

When you finance equipment there are two ways in which to do this either through a capital equipment loan or through a lease. Borrow as much as 90 of the value for up to seven years. Loans from 25 000 get the equipment.