Power Your Business with Our Equipment Loans
At FVSBank, we know that having the right equipment is essential for your business’s success. Our business equipment loans are designed to help you acquire the machinery, technology, and tools you need to stay competitive and grow your operations. Whether you’re looking to upgrade your current equipment or invest in new technology, we offer flexible financing solutions tailored to your needs.
Equipment financing for your business needs
- Medical, dental, and veterinary equipment
- Construction equipment
- Commercial vehicles
- Phone Systems
- Computer hardware and software
Financing essential equipment for your business
- Customizable financing amounts
- Finance multiple pieces of equipment on one contract
- Pre-approved option
- Flexible payment options
Benefits of equipment financing
Save working capital
Flexible payment structure
Equipment specific filing
Quick credit decisions
Equipment Loan FAQ
What is an equipment loan?
An equipment loan is a type of financing specifically designed to help businesses purchase machinery, technology, vehicles, or other essential tools. The equipment itself serves as collateral for the loan.
How does an equipment loan work?
With an equipment loan, you receive a lump sum to purchase the equipment. You then repay the loan over a set period, typically with fixed monthly payments. The equipment acts as collateral, meaning the lender can seize it if you fail to repay the loan.
What can I use an equipment loan for?
Equipment loans can be used to purchase a wide range of business assets, including computers, office furniture, vehicles for commercial use, machinery, commercial kitchen equipment, HVAC units, phone systems, printers, copiers, medical equipment, and industrial equipment
What are the benefits of an equipment loan?
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- Benefits include preserving cash flow, potential tax advantages, fixed interest rates, and the ability to acquire necessary equipment without a large upfront cost.