Acquire the equipment you need to grow without tying up working capital. From machinery and vehicles to technology and office equipment, we have flexible financing options.
See what your monthly equipment financing payment might look like based on equipment cost, term, and rate.
From heavy machinery to office technology, we finance equipment across virtually every industry.
Excavators, tractors, bulldozers, harvesters
Trucks, trailers, fleet vehicles, delivery vans
X-ray machines, dental chairs, diagnostic equipment
Ovens, refrigerators, fryers, dishwashers
Servers, computers, software, phone systems
Copiers, printers, furniture, fixtures
Gym equipment, fitness machines, sports gear
CNC machines, assembly lines, industrial equipment
* Consult your tax advisor regarding tax deductibility.
Keep your cash for other business needs while financing equipment over time.
Lock in your rate for the entire term with predictable monthly payments.
Interest may be tax deductible. Section 179 may allow immediate expensing.*
Quick decisions, often within 24-48 hours of application.
Keep your equipment current with technology upgrades and new machinery.
The equipment itself secures the loan, reducing other collateral requirements.
| Features | Equipment Loan | Equipment Lease |
|---|---|---|
| Ownership | You own the equipment | Bank owns, you lease |
| Monthly Payments | Higher (building equity) | Lower (use only) |
| End of Term | Equipment is yours | Return, purchase, or upgrade |
| Down Payment | 0-20% typically | Often $0 |
| Interest Rate | Fixed rate | Fixed implicit rate |
| Balance Sheet | Asset and liability | Off-balance sheet (operating lease) |
| Technology Upgrades | Must sell/dispose | Upgrade at lease end |
| Tax Treatment* | Depreciation + interest | Full lease payment deductible |
Excavators, loaders, cranes, bulldozers
Semi-trucks, delivery vans, trailers
CNC machines, assembly equipment
Tractors, combines, irrigation
MRI, X-ray, dental, surgical
Kitchen equipment, refrigeration
Servers, computers, software
Commercial printers, copiers
An equipment loan provides funds to purchase equipment outright. The equipment serves as collateral, and you own it at the end of the term.
A lease allows you to use equipment for a fixed term with lower monthly payments. At the end, you can return, purchase, or upgrade.
Convert equipment you already own into cash while continuing to use it through a lease arrangement.
Get decisions quickly, often within 24-48 hours for most equipment.
Fixed rates with relationship discounts for existing customers.
Match loan terms to equipment life and your cash flow needs.
Your application is reviewed by local lenders who know your business.
Minimum credit scores typically start at 620 for equipment loans. However, because the equipment serves as collateral, approval may be possible with lower scores depending on the down payment and overall business strength. Strong business financials can help offset credit challenges.
Yes! We finance both new and used equipment. For used equipment, terms are typically shorter (matching the remaining useful life) and rates may be slightly higher. The equipment must be in good working condition and may require an inspection or appraisal for larger amounts.
Buying (loan) means you own the equipment and build equity. Monthly payments are higher, but you have an asset at the end. Leasing offers lower payments and flexibility to upgrade, but you don't own the equipment. Leasing is ideal for technology that becomes obsolete quickly, while buying makes sense for long-term equipment.
For most equipment financing, we can provide approvals within 24-48 hours with complete documentation. Once approved, funding can occur in as little as 3-5 business days. For specialized or high-value equipment requiring appraisal, the process may take 1-2 weeks.
Yes! For qualified borrowers, we offer 100% financing on equipment purchases – meaning no down payment required. This helps preserve your working capital for other business needs. Terms and rates may vary based on the amount financed and your credit profile.
* Tax benefits: Consult your tax advisor regarding deductibility of interest and lease payments, as well as Section 179 eligibility.
APR = Annual Percentage Rate. Rates shown are estimates and based on qualified borrowers. Your actual rate may vary based on creditworthiness, equipment type, term, and down payment.
Example: A $50,000 equipment loan at 6.99% APR for 60 months would have monthly payments of $990 and total interest of $9,400. This example is an estimate only.
All loans subject to credit approval. Equipment serves as collateral. Terms and conditions apply. Member FDIC.