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Our Fixed-Rate Note program is available to all of our Dexter equipment customers which have owned/operated an existing business for at least the most recent two-year period. The interest rate is fixed for the entire note term. Prime rate used for interest calculations will be that which is published by The Wall Street Journal on the first day of the then current month, or 6.50%, whichever is higher (i.e., the Prime rate in effect July 1st will be used for the month of July).
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All notes will be calculated at a fixed-rate, which will be based on Prime rate plus a spread at time of approval. The following table summarizes the rate spread over effective Prime rate: |
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Amount Financed |
Note Term (Months) |
36 to 60 |
72 |
84 |
$10,000 - $49,999 |
Prime + 4.75% |
N/A |
N/A |
$50,000 - $149,999 |
Prime + 4.25% |
Prime + 4.50% |
N/A |
$150,000 - $299,999 |
Prime + 3.75% |
Prime + 4.00% |
Prime + 4.25% |
$300,000 Plus |
Prime + 3.25% |
Prime + 3.50% |
Prime + 3.75% |
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Rate and approval subject to change if note is not funded within 60 days of approval.
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Established customers may qualify for financing up to 100% of list price (including freight, delivery, install, tax, etc). |
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Notes will be written for terms of 36, 48, 60, 72, or 84 months. |
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Minimum amount financed per note term is as follows: |
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Note Term (Months) |
Minimum Amount |
36,48, 60 |
$10,000 |
72,84 |
$120,000 |
96* |
$300,000 |
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