Is broken or obsolete equipment holding your business back? Keep more cash on hand while repairing, replacing, or upgrading pricey equipment. We make it happen with our flexible equipment loans in Fond du Lac, Oshkosh, Waupun, and the Fox Valley area. From application to grand opening, we’ve made local business dreams a reality since 1934.
What To Know About Business Equipment Loans in Wisconsin
We offer competitive financing options on business equipment loans for a wide range of business expenses:
- Get the funding you need to update your equipment
- Keep your business thriving in a competitive market
- Competitive interest rates
- Flexible terms and affordable payments
- Amortization based on the useful life of the equipment being financed
- Money provided as an upfront lump sum
- Local decision-making and processing right here in Wisconsin
- Attentive, friendly service from start to finish
What are business equipment loans?
This type of commercial loan is specifically designed to help you purchase the machinery and equipment essential to running your business. For example, you can use an equipment loan to purchase anything from office furniture and medical equipment to farm machinery or commercial ovens. Generally, terms on equipment loans are based on the anticipated life of the equipment or machinery you’re purchasing
Should you finance an equipment purchase?
Even if your business has the cash available to make a purchase of new or used equipment, there’s one major reason why you should finance equipment: It builds long-term business credit. Building a relationship with a business banker now can home in handy later on when it’s time to expand your business, for example. Financing equipment purchases also frees up your cash to earn interest in savings or go towards other business expenses.
Apply For a Business Equipment Loan in Wisconsin!
Complete our online form for a new business loan application. One of our business bankers will be in touch within one business day to help you complete the process. You can also visit one of our branch locations in Fond du Lac, Oshkosh, or Waupun, WI. Check out our complete suite of Business Services and meet our team of Business Bankers!