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Equipment Financing and Term Loans

When your business enters the stage of needing equipment, it’s important to have a strategy in place that maximizes your cash flow and current assets, all while positioning you to purchase the equipment you need. So whether you need commercial ovens, point of sale hardware or HVAC units, we can help.

Typically, the equipment you are purchasing serves as the collateral for the loan and we can finance up to 100% of the purchase price. Our team will work with you to get the best plan in place that keeps your cash flow, well, flowing.

Common Uses of Term Loans

  • Replacing/updating older equipment
  • Additional equipment to support expansion
  • Refinancing an existing equipment loan/lease
  • Leasehold improvements
  • Purchase of existing business
  • Large inventory purchases
  • Refinancing existing debt

Equipment We Finance

We can finance a wide range of equipment types, including:

  • Titled vehicles including trucks, vans, autos, and trailers
  • Construction equipment including excavators, cement mixers, dozers, and loaders
  • Machining equipment including lathes, wire machines, CNCs, grinders, and milling machines
  • Medical equipment including X-Ray machines and dental equipment
  • General office equipment
  • Farm equipment

Equipment Loan Rates and Costs

The cost of your equipment or term loan will be determined by several factors, including the total amount you need to borrow, the interest rate and term.

  • Loan amounts available starting at $5,000
  • Equipment and term loan rates are fixed, and we offer a rate discount if the loan payment is automatically deducted from a Nation Choice Reserve Bank Business checking each month
  • Terms available from 12-72 months
  • Insurance is required for titled vehicles
  • Small Business Administration (SBA) options available
  • Term loans can be unsecured, or secured by a variety of collateral including a UCC filing

Commercial Acquisition Loans

When your growth strategy includes commercial acquisition, nothing is more powerful than working with an experienced team able to provide collaborate and creative solutions. Whether you are expanding into a new line of business, buying out a competitor, or starting an entirely new adventure, we’re here to help you every step of the way.

Getting Started

Equipment loans designed with the best structure and term for you are just one of the many solutions we can provide for your business. Whatever your strategic direction and goals may be, you can be confident we’ll help you find the financing solutions that best meet your company’s needs. Connect with us to get started.

Additional Resources for Your Business

Check out these resources for your business, including stories from our customers and reach out to us at any time to learn more and stay connected with us on LinkedIn.

Avoiding Identity Theft – Download our quick guide for information on protecting yourself and your business from identity theft

Tools for Leveraging Cash Flow – Treasury Management solutions are essential for managing your cash flow. With the right strategies, you can effectively position your finances in a way that allows you to grow. See how our Treasury Management solutions can help.

Benefits Consulting – The cost of employee benefits is often the second largest expense for businesses. Our Benefits Consulting team would love to connect with you to make sure you’re making the most of this investment