JLG Industries announced today that it has expanded its retail lending program. The updated program is now available to more equipment buyers, distributors and rental houses, including end users and contractors. Available in the U.S. and Canada, the program finances $3,000 and more on new and used equipment.
According to JLG, business owners and end-users can directly apply for financing through JLG Financial by filling out an online application. Once an application is submitted for approval, customers can receive credit decisions via text, email or phone in 90 minutes or less in most cases.
“When the original retail lending program launched in fall 2018, it was available exclusively through rental companies and equipment distributors in the U.S. to support their customers’ purchases,” said Jonathan Oris, JLG finance manager. “Today, the program has evolved to offer various financing options, with industry-leading rates directly to customers in North America.
JLG Financial has processed 1,850 applications for more than 100 equipment brands and 250+ unique equipment models and attachments (new and used). Those applications have resulted in the funding of more than $100 million, Oris said.
Once approved, the JLG Financial lending team works to customize financing options and payment structures, including balloon, seasonal or skip payments, as well as loans, leases or lines of credit, buy-outs and step-up/step-down opportunities.
“To help our customers get the best rates possible for their purchases, JLG Financial locks rates in for 30 days, publishing a fixed monthly rate card,” says Oris.
JLG Financial also offers subsidized rates on purchases of new JLG and SkyTrak equipment models.
