COMMERCIAL PROGRAMS

Terrace Finance works with multiple lenders to bring a wide variety of solutions to our commercial customers. Your application will be routed to the program and lender/lessor* that are the best match for your credit profile and needs. You may consult with us 1:1 to best determine your needs before applying.

Basic Commercial Program

$5,000 – $550,000

A versatile program covering a wide range of dollar amounts and credit profiles, serviced by multiple lenders/lessors.

  • Same-Day Decisions Available
  • Credit Scores of 625 and Up Considered
  • New Businesses Welcome
  • Terms of 10 Months to 10 Years
  • New and Used Equipment
  • Deferred, Seasonal, & Step-Up Programs Available
  • Include Preventive Maintenance and Extended Warranties

Rate* Factors

24 Months36 Months48 Months60 Months72 Months
A CreditAmounts up to
$550,000
0.046590.031950.024860.026030.01782
B CreditAmounts up to
$75,000
0.046810.032170.0245090.020860.01806
C CreditAmounts up to
$50,000
0.048160.033250.026050.021750.01891
D CreditAmounts up to
$35,000
0.053590.038470.031250.02702N/A

Calculate the Monthly Payment

Total Amount FinancedMultiply by
Rate Factor
Monthly Payment
$20,000
(Example)
0.01782
(A Credit for 72 months)
$356.40

*Rate Factors shown represent the optimal rate from one provider in our network of lenders/lessors. Quoted rates are for comparison only and are subject to change at any time without notice. Rate factors vary depending on multiple credit factors and other 3rd party information. May require security deposit or additional collateral. Approval and approval amount are subject to credit eligibility and not guaranteed. Must be 18 or older to apply.


Commercial Express Program

$500-$20,000

Lease equipment and accessories through a program that considers factors other than credit score. Instant decisions and same-day funding make this a convenient option for small businesses and start-ups who have yet to establish credit.

  • Instant Decision
  • Credit Scores of 500 and Up
  • No Documents Required
  • New Businesses Welcome
  • Same Day Funding
  • Term Length Options
  • New & Used Equipment
  • Titles & Non-Titled

Monthly payments vary depending on multiple credit factors, other 3rd party information, and term length choice. Approval is not guaranteed. Must be 18 or older to apply.

Terrace Finance is not a lender. We route applications through our network of lenders/lessors. Approval and approval amount are subject to credit eligibility and not guaranteed. Must be 18 or older to apply.