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Meadoworks offers financing from Systems Financial which specializes in the financing and leasing of
plastic injection molding equipment. We pride ourselves on our competitive rates and commitment to
customer service.
For an online credit application, please
click here.
Types of programs we offer:
1. Operating Lease
This program is designed for the customer that wishes to expense the total
payment monthly. This is commonly known as "off balance sheet" financing. Terms
range from 36-84 months with fixed rates well below the prime rate. Per IRS
rules the purchase option must be at fair market value at the completion of the
term, or you may return the equipment with no further obligation.
2. Finance Lease
This program is designed for the customer that would like to retain the tax
benefits (depreciation) associated with the purchase of capital equipment.
Terms range from 36-60 months and we currently offer a fixed rate based on
prime rate. If you choose to purchase the equipment at the end of the term, a
fixed purchase option is available for 5-25% of the original cost of the
equipment, or you may return it with no further obligation.
3. Conditional
Sales Contract
Companies are offered finance contracts to give them the ability to own
equipment without using their working capital to do so. Our Conditional Sales
Contract can provide a fixed interest rate or a floating rate based on either
treasury bills or the prime rate. Terms vary from 12 ¨C 84 months, depending on
your needs.
Please
contact us or call us at 1-800-323-0307
ext.5.
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