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Business owner and banker discussing CapEx solutions in manufacturing plant.
THE BENEFITS OF LEASING

Get new equipment at reasonable terms1 — with the possibility of tax advantages.2  

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A new piece of excavating equipment and a backhoe that were purchased with an equipment financing loan
Old National EQUIPMENT FINANCE

Find a CapEx solution that works for you.

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KEEP YOUR BUSINESS ON THE FAST TRACK

We have experience helping many types of clients, including manufacturing, trucking, and food service, develop their equipment financing plans.1 Equipment leasing has many benefits:

  • Up to 100% Financing of Hard Costs. Less equity required means more working capital for your business.
  • Ability to Finance Soft Costs. Could include installation, maintenance, training, and software expenses. Roll your costs into a single, easy-to-manage solution. Soft cost financing available for amounts as large as 10% of the hard costs of the lease.
  • Potential Tax Benefits. As the owner of the equipment, you may benefit from accelerated depreciation, per Section 179 of the IRS code.2
  • Always Have the Newest Equipment. Set up a leasing CapEx program to keep your equipment new with a lease term appropriate for your industry’s timelines.

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Company owner inspecting leased machinery.

Our 4 Leasing Structures

For more details, please visit Old National Equipment Finance.

  • Traditional Lease.3 Lower equity required when compared to a loan. Up to 100% financing of hard costs may be available.
  • Seasonal Skip Lease.3 Avoid payments during a designated season to accommodate business seasonality. Up to 100% financing of hard costs may be available.
  • Balloon Lease.3 Lower your monthly payment for the life of the lease when compared to a loan – and have one lump sum payment due at the end of the term. Ideal for business ramp-up. Up to 100% financing of hard costs may be available.
  • Skip Payment Lease.3 Avoid payments for the first 90 days of the lease. Gain financial flexibility as new equipment is being installed. Up to 100% financing of hard costs may be available.
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Connect with Old National Equipment Finance

Old National Equipment Finance specializes in providing vendor and end-client equipment finance and leasing solutions. Connect with us today!

Matt Brennan, Senior Vice President - Group Head, First Midwest Bank

MATT BRENNAN, SVP

Senior Vice President – Group Head
Email: Matt.Brennan@FirstMidwest.com
Phone: 630.725.1518

Dave Mistic, Senior Vice President, First Midwest Bank

DAVE MISTIC, SVP

Senior Vice President
Email: David.Mistic@FirstMidwest.com
Phone: 630.725.1997

ASSET BASED LENDING

Get access to the resources you need for automation, product innovation, and more with our asset based lending group.

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HEALTHCARE FINANCE

We provide the right solutions for clients in the for-profit and not-for-profit healthcare industry across all senior living, hospitals, surgical centers, and medical office buildings sectors.

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Structured Financing

First Midwest can help provide cash-flow based financing to middle market companies backed by Private Equity Sponsors.

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800-322-3623

1 Subject to credit approval. Property insurance may be required. Old National Equipment Finance is a wholly-owned subsidiary of Old National Bank. In California, loans are made or arranged pursuant to a California Financing Law license.
2 Consult your tax specialist.
3 Additional terms and conditions apply. Contact your Old National Banker for more details.