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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


Senior Vice President – Group Head
Phone: 630.725.1518

Dave Mistic, Senior Vice President, First Midwest Bank


Senior Vice President
Phone: 630.725.1997


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

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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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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.