Essence of Our Equipment Leasing Program

Equipment lease financing may provide unique financial advantages for your company. If you are searching for ways to preserve cash, enhance or preserve cash flow, increase productivity, harness new technology, expand capacity or modernize your production equipment, you should consider the benefits of leasing.

The Benefits of Leasing Your Equipment

• 100% financing
• Payments tailored to your cash flows or production
• Fixed interest rates
• Repayment terms from two to seven years; amortizations to twenty years
• Multiple end-of-term options
• Possible tax advantages
• Progress payments can be made to vendors while equipment is manufactured, shipped, installed and/or tested before you accept the equipment
• Leases from $20,000 to $20,000,000

Why Lease?

Equipment financing is complex, and many business executives rightfully observe that due to the significant accounting, tax and cash considerations, they prefer to deal with banking professionals who understand their business; especially the implications of growth on their business and the importance of competing in their market.

Our Products

• Operating Leases: Operating leases are desirable primarily due to two important accounting advantages: (1) You may be able to fully expense the entire lease payment amount (as opposed to expensing only an interest portion), and (2) you are not required to book the equipment or the liability on your balance sheet. At the end of the initial lease term, you do not own the leased equipment, but typically may either purchase the equipment for its then fair market value; extend the lease term at its then fair rental value, or return the equipment to us.
• Capital Leases: Capital leases provide for 100+% financing to the Bank's more creditworthy current and prospective customers. Typically, a capital lease allows you to purchase the equipment at the end of the lease for $1.00 or make a final payment in some fixed amount (a balloon). Upon payment of such amounts, you then own the equipment.

Other Lease Products

• TRAC Leases
• Rentals
• Vendor Finance Programs
• Lease Lines of Credit
• Sale and Leaseback

Typical Industries Served and Equipment Financed

Interested in Leasing? Contact us!

THIS MATERIAL IS A DIGEST OF GENERAL EQUIPMENT LEASING INDUSTRY INFORMATION AND FOR REFERENCE PURPOSES. IT IS NOT INTENDED TO BE COMPREHENSIVE. NO EFFORT HAS BEEN MADE TO STATE OR SUMMARIZE ALL OF THE REQUIREMENTS AND ISSUES THAT MAY BE APPLICABLE TO ANY GIVEN LESSEE OR LEASE /LOAN TRANSACTION. BECAUSE OF THE COMPLEXITY OF LEASING TRANSACTIONS AND THE CHANGING STATE OF ACCOUNTING PRINCIPLES AND THE LAW, AS WELL AS VARIATIONS IN REGIONAL PRACTICES AND PROCEDURES, THIS MATERIAL SHOULD NOT BE USED AS A SUBSTITUTE FOR INDEPENDENT LEGAL, TAX, ACCOUNTING, SEC, OR FINANCIAL ADVICE.