Financing

Flexibility, convenience, and competitive rates. RAKA understands your business and that cash flow changes from month to month and season to season. We offer several financing options and we structure loans with affordable payments – whether you want to purchase, rent, lease or rent-to-own, we’re here to help.

To apply for a RAKA, Inc. credit account click here to download the RAKA, Inc. Credit Application. Once completed, please send or fax to:
RAKA Financial Services-Credit Department
11002 Sapp Brothers Drive, Omaha, NE 68138
Fax: 402-891-7608

FINANCING OPTIONS

Equipment Loans

This option works best for the customer who needs financing for working capital, debt consolidation, sale lease-backs or other business purposes.
Benefits:
  • You may obtain cash for equity in your equipment.
  • Monthly, quarterly, semi-annual, annual and variable payment schedules are available at fixed rates. Floating rates may also be considered.
  • A line of credit may be established so that you can obtain loans as the need arises.
Terms:
  • Length: 3-5 years
  • Finance Rate: Generally Fixed (floating rates may be considered)
  • Payment Flexibility: Monthly, quarterly, semi-annually, annual, and variable payments
  • Collateral: Required

Installment Sale Contract

For the customer who desires immediate equipment ownership yet wants to pay for the machine over an extended period of time. Trade-ins or down payments are typically included in these transactions.

Benefits:
  • You may claim the tax benefits of ownership – including depreciation and interest expense deductions.
  • New and used equipment may be financed.
  • The installment sale contract is our lowest total cost option for machine ownership.
Terms:
  • Length (new equipment): 1-5 years
  • Length (used equipment): 1-4 years
  • Finance Rate: Generally fixed (floating rates may be considered)
  • Down Payment or Trade in: Generally required
  • Tax Benefits: Retained by customer
  • Payment Flexibility: Monthly, quarterly, semiannual, annual, seasonal, skip and accelerated payments.

Finance Lease

For the customer who wants to own or have the option to own the equipment under lease. 100% financing is available.

Benefits:
  • 100% financing for qualified customers.
  • Payments tailored to meet your cash flow needs.
  • For tax purposes, in most cases you claim the benefits of ownership, including depreciation and interest expense deductions.
  • Flexible purchase options available.
Terms:
  • Length (new equipment): 1-7 years
  • Length (used equipment): 1-5 years
  • Payment Flexibility: Monthly, quarterly, semiannual, annual, seasonal, skip and accelerated payments.

Governmental Lease/Purchase Plan

For qualified non-federal governmental agencies who desire special low interest rates and flexible finance terms. Please note that you may need voter approval as you would with local bond insurance.

Benefits:
  • Because the income that we receive is tax-exempt, RAKA passes these savings onto you through special low interest rates. In fact, the interest charge you pay is normally less than the total cost of issuing a bond.
  • 100% financing is available
  • Your contract may be cancelled without penalty (on the last day of the appropriations period) if funding is not approved for the following year.
Terms:
  • Length (new equipment): 1-7 years
  • Length (used equipment): 1-5 years
  • Payment Flexibility: Monthly, quarterly, semiannual, annual and variable payment plans
  • Non-appropriations clause: May return equipment due to non-appropriation of funds.
  • 100% Financing: Available for qualified customers.

Long Term Rental

For the customer who desires the lowest possible payments and generally plans to return the equipment to us at the end of the lease term.

Benefits:
  • Generally qualifies for off-balance sheet financing
  • Provides your with the lowest possible monthly payment
  • Frees your working capital for operating needs.
Terms:
  • Length: 3-7 years
  • Payments: Generally monthly, although other schedules may be considered
  • Possible Purchase Option: Fair market value (FMV) purchase option may be included in contract
  • Tax Benefits: Claimed by finance company

Value Option Lease

For the customer who wants to use the equipment and have the option to purchase it at a predetermined price.

Benefits:
  • Provides you with low monthly payments.
  • Generally qualifies for off-balance sheet financing.
  • Frees your working capital for operating needs.
Terms:
  • Length: 3-7 years
  • Payments: Generally monthly, although other schedules may be considered.
  • Possible Purchase Option: Predetermined.
  • Tax Benefits: Claimed by finance company.

PLEASE STAND BY.

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