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FDIC-Insured - Backed by the full faith and credit of the U.S. Government

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      Client's warehouse and some of their equipment
      Flexibility for Your Business

      Keep your equipment up to date with a financing solution that meets your cash flow needs.1

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      Old National Equipment Finance

      Old National Equipment Finance (ONEF), formerly known as First Midwest Equipment Finance, is a division of Old National Bank. We specialize in providing vendor and end-client equipment finance and leasing solutions to Old National Bank clients. With access to a wide range of financial structures, we look forward to accommodating your company’s needs. Since our inception, we have financed nearly $1 billion to over 10,000 satisfied customers.

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      • An equipment piece cutting material

        Direct Lender/Lessor

        Direct financing for equipment transactions ranging from $150,000 to $10 million.

        • 100%+ financing available with fixed rates
        • We offer finance leases and loans (Capital Lease, Finance to Own, and Lease to Own).
        • We also offer Fair Market Value leases (Operating Lease and TRAC). Learn how they work.
      • A truck transporting materials

        Indirect Financing

        We help bank leasing companies, independent finance enterprises and manufacturer captives fund their transactions with the goal of supporting growth, managing risk and achieving financial objectives. Options include:

        • Warehouse financing
        • Pool financing
        • Discounting
      • Possible Tax Incentives for a company

        Possible Tax Incentives

        Depending on your financing option, you may be able to:2

        • Receive Section 179 tax treatment and/or claim 100% bonus depreciation.
        • Have your lease payments expensed as rents, deducted against your current earnings.

        Talk with your tax advisor to see if you qualify. 

      Contact Us Today

      Our customer service department is available at onef.ops@oldnational.com, 800-669-7527, or 847-228-7779. To talk with an industry expert from your region, please see our list below.

      Matt Brennan – SVP, Group Head
      Indiana (Evansville), Kentucky, Tennessee, Wisconsin
      matt.brennan@oldnational.com
      P: 773-765-7449

      Rick Lang, CLFP – SVP
      Illinois and NW Indiana
      rick.lang@oldnational.com
      P: 773-765-7472

      Dave Mistic – SVP
      Illinois, Indiana (Indianapolis), Michigan
      david.mistic@oldnational.com
      P: 773-765-7742

      Tom Grady, CLFP – SVP
      Kansas, Minnesota, Missouri, Wisconsin (Madison)
      tom.grady@oldnational.com
      P: 763-347-8454

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      1 All equipment financing and leases are subject to credit review and approval. Other qualifications and restrictions may apply, including securing and maintaining appropriate insurance coverage.
      2 This is not tax, legal, or accounting advice. Consult your accounting or tax professional for further guidance on how to structure your reporting requirements.