Our variable-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 fluctuates with Prime rate each month. 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 published on July 1st will be in effect for the month of July).

Notes will be calculated at Prime Rate plus X% based on the following amounts financed:

Rate and approval subject to change if note is not funded within 60 days of approval. Spread is the same for all note terms (months).

Established customers may qualify for financing up to 100% of list price (including freight, delivery, install, tax, etc.).
Notes will be written for terms of 36, 48, 60, 72 or 84 months.

Minimum amount financed is as follows:

Non-refundable commitment fee required (applied to first installment and documentation fee if Promissory Note closes)

No prepayment penalty for full prepayment on note, however, partial prepayments are not accepted.

Landlord Consent & Waiver form required for transactions greater than $50,000.

Monthly payment will be set up on auto draft from bank account.

Proof of insurance required for transactions greater than $75,000.

Copy of building lease required for transactions greater than $75,000.

Equipment packages containing non-Dexter manufactured washers (including top-loaders), dryers, and/or card systems are subject to a $20,000 minimum finance amount and higher interest rates.

Within our Variable-Rate Promissory Note program, we offer a 90-day deferred option. This means that your second payment would be due approximately 120 days from inception. This deferral will help you start earning revenue on your equipment purchases prior to having to make your normal monthly payments.

*For Qualified Customers