How Do Equipment or Fleet Loans Work?
Obtaining financing for equipment can typically happen quicker than you might expect. This is because the equipment you are financing will be used as collateral. It's rather similar to a car loan; much like the value of the car, the term and amount of your equipment loan is dictated by the value of the equipment - without any extra collateral needed on your part.
How Will an Equipment or Fleet Loan Help My Business?
Not only can equipment financing secure that piece of equipment that can take your business to the next level, but it also prevents you from having to pay the entire cost of that equipment up front. Rather than one large lump sum to pay, you can pay off the balance of the loan in regular installments. Equipment financing also has flexible terms to fit your business needs.
I Still Have Questions.
Great! That's what we're here for - to help your business grow and become even more successful. We're happy to discuss if equipment financing is a good fit for your business or if you should go in another direction. Contact a loan officer today at
and we'll contact you.