Loans and Leases
Why work with Nationwide Equipment Funding?
Our connections to funding sources are unparalleled. With more than a decade of involvement with agricultural equipment, we know who is reliable and trustworthy - and who isn’t. We guide you to reputable lenders who are knowledgeable about all types of farm equipment financing.
We have what you’re looking for, including:
- Easy application process
- Quick turnaround time
- Low down payments
- Flexible payment structures
- Competitive rates
To finance equipment you'll want to know exactly:
- what your credit score is,
- how long you have been in business,
- debt to income ratio,
- how much you have in assets,
- what you have available to provide as collateral,
- net operating capital (minimum revenue requirements)
- the cash flow of the business
- length of time the equipment is needed,
- your tax situation,
- your company's future capital needs related to future growth.
Factors that influence the price of your heavy equipment loan include:
- The price of the equipment
- Money down
- The age of the equipment you're buying
- Your personal and business credit history
- How long you've been in business
- Some types of leases allow for seasonal business fluctuations, lower monthly payments while a project is ramping up and revenue not yet being generated from the equipment and other specific circumstances your business may experience
Compare these factors to get your best loan:
- Term of the agreement
- Final funding amount paid to the vendor including taxes, freight, etc
- Final Monthly payment including or excluding taxes
- Number of payments or % down due up front
- Fees such as doc fees and titling fees due up front
- Buy out at the end of the agreement