Financing Options and Payment Terms for Powell Customers Outside the United States

Powell offers international customers several options for major equipment purchases.

Assistance with US-Based Financing

On large transactions, Powell may be able to assist international customers to obtain US-based financing that offers very attractive terms. Depending on the circumstances, current terms usually provide for interest rates that range from 7% to 9% with repayment terms ranging from monthly to semi-annually over a period of 18 to 60 months.

On smaller transactions, open terms may be available to qualified buyers.

In order to establish financing terms the New Customer Evaluation form must be completed and returned to Powell.

Download the New Customer Evaluation Form

Irrevocable Commercial Letter of Credit

For purchases of major equipment, Powell would be pleased to negotiate the terms of an Irrevocable Commercial Letter of Credit.

Wire Transfer

International customers may pay for Powell equipment with a series of wire transfers made at several points in the equipment manufacturing process. A down payment is required at the time a Purchase Order is placed for major Powell equipment. Then, progress payments are required at various intervals during the manufacturing process. Typically, final payment is due 60 days from the Bill of Lading date.

More Information About Financing Options and Payment Terms

To find out more about payment terms and financing options, contact Powell by telephone at 989.681.2158, by fax at 989.681.5013, or by email.