Interest Rates

Where do you rank on the interest rate chart?

A quick analysis of your balance sheet can show you where on the interest rate pyramid scale your company ranks. A slight change on the scale can mean hundreds of thousands of dollars in savings to your company in interest rate expenses.

Almost all deals are based on the "Prime Rate" or "Like Term Treasuries" or some other base of reference. "Like Term Treasuries" refers to the term of the deal (for example thirty-six months) and the corresponding interest rate of the same term. Your interest rate depends on two factors. The first is the quality and condition of your balance sheet. The second is the rate you can negotiate with your finance company or bank. Both factors can change quickly, but Richard Franklin Co. can help you save by negotiating the best rate available from many different equipment finance companies.

Now is a good time to call and inquire about our excellent refinancing programs that are currently available.

Currently, rates are as follows: FEDERAL RESERVE H15 DAILY RATES

For Commercial Equipment Financing, call Richard Franklin Co. NOW!

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