COMMERCIAL PROGRAMS


Grow Your Business with the Right Financing

Transactions of $500 to $550,000

Mower Finance partners with multiple lenders to find the right payment solution for your financial situation. One application gives you access to the full network. No matter your credit profile or length of time in business, we will strive to match you with an appropriate program. Below are the basic programs we offer. Variations may be available depending on your situation.

COMMERCIAL EXPRESS

$500-$15,000

Lease equipment and accessories through a program that weighs factors other than credit score in the decision. Instant decisions and same-day funding make this a convenient option for small businesses and start-ups who have yet to establish credit.

  • Instant Decisions
  • New Businesses Welcome
  • No Documents Required
  • Same Day Funding
  • Credit Scores of 550 and Up Considered
  • Lease Term Length Options

Submit your application to know your payment. Monthly payments vary depending on multiple credit factors, other 3rd party information, and length of term. Approval is not guaranteed.

COMMERCIAL PROGRAM

$5,000-$550,000

A versatile program covering a wide range of dollar amounts and credit profiles.

  • Same Day Decisions Available
  • Credit Scores of 625 and Up Considered
  • Lease Term Length Options

Mower Finance Rate* Factors

24 Months36 Months48 Months60 Months72 Months
“A” Credit
725+ CBR
Amounts up to
$550,000
0.045920.030830.023830.019640.01685
“B” Credit
675+ CBR
Amounts up to
$75,000
0.047240.032620.025560.021340.01855
“C” Credit
650+ CBR
Amounts up to
$50,000
0.048830.033950.026770.022500.01968
“D” Credit
625+ CBR
Amounts up to
$35,000
0.051360.036270.029030.02474N/A

How to Calculate the Monthly Payment

Total Amount FinancedMultiply by
Rate Factor
Monthly Payment
$10,000
(Example)
0.025556
(B Credit/48 Months)
$255.56

*Rates vary depending on multiple credit factors and other 3rd party information. May require security deposit or additional collateral. Approval is not guaranteed.

COMPACT TRACTOR PROGRAMS

$15,000-$550,000

Fleets, tractors, and other heavy equipment are eligible for this higher-dollar program which is available in several forms.

  • Same Day Decisions Available
  • Credit Scores of 675 and Up Considered
  • Lease Term Length Options
  • Seasonal Payments Available
  • FMV Leasing Available

Mower Finance Rate* Factors

24 Months36 Months48 Months60 Months
$1 Buy Out 0.0461240.0318450.0247210.020467
10% FMV0.042130.0292970.0222880.01906
9 Month/3 Month0.0586150.040330.032430.024607

How to Calculate the Monthly Payment

Total Amount FinancedMultiply by
Rate Factor
Monthly Payment
$20,000
(Example)
0.024721
(A Credit/48 Months)
$494.54

*Rates factors shown are optimal. Rates will vary depending on credit factors and other 3rd party information. May require security deposit or additional collateral. Approval is not guaranteed.

HOW IT WORKS

Mower Finance is powered by Terrace Finance, the lending platform with multiple participating lenders.

APPLY

Complete one single application on your phone, laptop or tablet. Apply here or through your dealer’s unique link.

TELL US YOUR STORY

Once your application is submitted, a Terrace Finance team member will contact you directly to better understand your business goals.

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GET MATCHED

Based on your unique needs, we will route your application to an appropriate lender.

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GET FUNDED

Upon approval, the terms will be presented for your consideration. Your dealer will be prompted to submit a final invoice through the system. Documents will be sent electronically for your signature.

NEED HELP?

Contact a Commercial Team Leader

Bob Zinn

954-522-3773

John Papadopoulos

954-636-8571

bizapps@terracefinance.com

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