At RT Engineering Corporation, we understand that your equipment does not offer ROI until it is operating. For that reason, RT Engineering offers equipment financing services to help you meet the evolving needs of your business and thrive in the marketplace. Our program helps you hold onto your cash until the machinery is delivered and working to produce revenue and reduce costs.
Example:
| Traditional Payment Option | RT Engineering's Finance Option* | ||
| 40% due with order | $200,000 | 40% due with order | $192 |
| 25% acceptance of design review |
$125,000 | 25% acceptance of design review |
$1,272 |
| 20% at start of assembly | $100,000 | 20% at start of assembly | $2,904 |
| 10% upon FAT acceptance | $50,000 | 10% upon FAT acceptance | $3,312 |
| Total cash outlay prior to delivery | $475,000 | Total cash outlay prior to delivery |
$7,680 |
| Monthly payment after delivery |
$42,575 (*with 12-month term) |
$21,936 (*with 24-month term) |
$15,211 (*with 36-month term) |
Financing Checklist
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Issue purchase order to RT Engineering Corporation subject to approved financing
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Business Loan Application (Complete and send all information to Bank Five)
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Indicate the request financing term (Circle One)
- 36 Months 5.99% APR (Rate subject to credit approval)
- 24 Months 4.99% APR (Rate subject to credit approval)
- 12 Months 3.99% APR (Rate subject to credit approval)
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Three Years Federal Tax Return (Corporate)
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Three Years Federal Tax Return (Personal)
- Required by all partners with 20%+ Ownership
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Personal Financial Statement
General Guidelines
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Up to 100% equipment financing available
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Interest-only loan until equipment is shipped
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Construction-style loan
- Interest paid only on the total amount based upon payment terms
1. 40% with due order
2. 25% upon acceptance of design review
3. 20% at start of assembly
4. 10% upon FAT acceptance
5. 5% Net 30 days after shipment
If you are interested in applying for RT Engineering Corporation's Commercial Equipment Financing Program, please select the button below to access the application. Please print and return the completed application to cblair@rteng.com.
*Finance rate and terms are subject to bank approval. Quoted rates are for example only and do not constitute an offer or obligation by RT Engineering Corporation.