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-$20,000

Lease equipment and accessories through a program that considers factors other than credit score. 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 500 and Up Considered
  • Lease Term Length Options
  • New and Used Equipment
  • Titled and Non-Titled

Monthly payments vary depending on multiple credit factors, other 3rd party information, and term length. 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
  • New Businesses Welcome
  • Same Day Funding Available
  • Terms of 10 Months to 10 Years
  • New and Used Equipment
  • Titled and Non-Titled
  • Deferred, Seasonal, & Step-Up Programs
  • Include Preventive Maintenance and Extended Warranties

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

Calculate the Monthly Payment

Total Amount FinancedMultiply by
Rate Factor
Monthly Payment
$10,000
(Example)
0.02556
(B Credit/48 Months)
$255.56

*Rate Factors shown are optimal. Rate factors 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 & 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

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. Rate factors 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 our single application for access to all programs. 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. Documents will be sent electronically for your signature. Once complete, your dealer can release your equipment to you.