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.
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.
Mower Finance Rate* Factors
| 24 Months | 36 Months | 48 Months | 60 Months | 72 Months | ||
|---|---|---|---|---|---|---|
| “A” Credit 725+ CBR | Amounts up to $550,000 | 0.04592 | 0.03083 | 0.02383 | 0.01964 | 0.01685 |
| “B” Credit 675+ CBR | Amounts up to $75,000 | 0.04724 | 0.03262 | 0.02556 | 0.02134 | 0.01855 |
| “C” Credit 650+ CBR | Amounts up to $50,000 | 0.04883 | 0.03395 | 0.02677 | 0.02250 | 0.01968 |
| “D” Credit 625+ CBR | Amounts up to $35,000 | 0.05136 | 0.03627 | 0.02903 | 0.02474 | N/A |
How to Calculate the Monthly Payment
| Total Amount Financed | Multiply 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.
Mower Finance Rate* Factors
| 24 Months | 36 Months | 48 Months | 60 Months | |
|---|---|---|---|---|
| $1 Buy Out | 0.046124 | 0.031845 | 0.024721 | 0.020467 |
| 10% FMV | 0.04213 | 0.029297 | 0.022288 | 0.01906 |
| 9 Month/3 Month | 0.058615 | 0.04033 | 0.03243 | 0.024607 |
How to Calculate the Monthly Payment
| Total Amount Financed | Multiply 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.
GET MATCHED
Based on your unique needs, we will route your application to an appropriate lender.
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.
