Business Machinery and Equipment Loans
Boost your capacity or upgrade aging machinery with a loan that features a fixed term with fixed rate options.
- Maximum loan amount is 75% LTV
- Maximum term is flexible with type of collateral
- No penalties for early payoff
- Fixed and variable rates are based on business risk rating composite score
- Origination fee
- Index is Wall Street Journal Prime Rate
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Why should I finance my machinery/equipment?
Financing depreciable assets over time will ensure that cash flow is adequate for future expenses. With our flexible repayment terms you can choose the repayment terms that best match cash flow.
What if the 5 year amortization makes my payments too high?
Depending on collateral, we could adjust payments with a longer amortization schedule, with a balloon payment at maturity.
See Business Account Disclosure