An equipment loan is ideal for businesses that need to upgrade existing equipment or purchase new/used equipment to help their business grow. This can be costly and require a large upfront expense and additional working capital.
Equipment financing from the Bank of Old Monroe allows you to take the cost of the equipment and spread it out in equal payments so you can use your hard-earned cash in other areas of your business.
Let Bank of Old Monroe help you finance the equipment your business needs to thrive! Equipment loans are used to purchase business-related equipment such as construction, farm, industrial vehicles, and other general-purpose machines. Growing your business with an equipment loan can assist with various business expenses.
Length of equipment loan varies on type of collateral and size of loan. Contact our team to learn more.