Seacoast Bank has commercial equipment lending solutions to help your business remain competitive and profitable.
For commercial enterprises, acquiring essential equipment doesn’t have to strain your capital. An equipment loan provides a strategic financing solution—allowing your business to obtain the machinery, vehicles, or technology it needs without the burden of paying the full cost upfront.
This type of financing is purpose-built for businesses looking to invest in operational efficiency and scalability. Whether you're upgrading manufacturing systems, expanding your fleet, or integrating specialized tools, equipment loans offer flexible repayment terms and preserve your working capital for other critical needs.
Whether you’re looking to buy, replace or refinance your business equipment or vehicles, Seacoast is here to help.
Our team of Florida-based commercial bankers has the knowledge and experience to structure a custom equipment financing solution that enables you to preserve capital while getting the right assets at the right volume to stay competitive.
Seacoast’s Commercial Equipment Financing can help:
Commercial Equipment Loan uses:
Dependable Florida Business Expertise
We have been successfully partnering with Florida businesses since 1926. Our financial and business industry knowledge, expertise, deep community roots, cutting-edge technology and digital capabilities set Seacoast Bank apart from our local peers and larger competitors.
Propel Your Business Growth
Financing your business's equipment needs is a critical step for any business and having a partner with the right experience and knowledge makes all the difference. Seacoast offers flexible equipment financing solutions with competitive structures and rates, up to 100% financing, flexible terms, and fixed rates providing predictable monthly payments to manage cash flow and budgeting.
Let us put our knowledge and successful track-record to work for you.
1. Subject to receipt of all required documentation, day, and time of application.
2. Each time an account is opened for a covered Legal Entity, the Bank Secrecy Act requires us to ask you for identifying information (name, address, date of birth, tax identification number), as well as identification documentation for each individual that has 25 percent or more Beneficial Ownership in the Legal Entity; and, one individual that has Significant Managerial Control of the Legal Entity. If you are opening an account on behalf of a Legal Entity, you will be required to provide name, date of birth, Tax Identification Number, and address. For foreign owners, you also will be asked to provide a copy of the owner’s passport, and certify that all information is true and accurate to the best of your knowledge. You may access a form to be completed before account opening at the following link: CERTIFICATION OF BENEFICIAL OWNERS OF LEGAL ENTITIES
The length of an equipment loan, or the loan term, can vary depending on the type of equipment being financed, the overall cost, and the chosen term length. However, most equipment loans can be broken down into short, medium and long-term loans.
Short-Term Loans (12-36 Months):
Short-term equipment loans are often used for equipment that requires frequent upgrades, such as computers or software. They may also be used to finance equipment with a lower overall cost. A Commercial Line of Credit is another great option for these types of equipment purchases.
Medium-Term Loans (36-60 Months):
Medium-term equipment loans are often used for equipment with a moderate lifespan, such as manufacturing machinery or specialized tools. These loans offer a manageable monthly payment with moderate interest contributions.
Long-Term Loans (60+ Months):
Long-term equipment loans are used for expensive equipment with a longer lifespan, such as construction machinery, heavy equipment or special medical devices. Longer-term loans offer the lowest monthly payment option but may have higher overall costs associated with the extended repayment period.
To qualify for a commercial equipment loan, lenders typically consider several factors:
Credit Score: Both your business and personal credit scores are important.
Time in Business: An equipment loan from Seacoast requires businesses that have been operating for at least 3 years and be a Florida based business.
Revenue: Your business's annual revenue will be assessed.
Equipment Value: The value of the equipment you wish to purchase.
Yes, there are several tax benefits associated with commercial equipment loans. We highly recommend consulting with a professional tax advisor for your specific benefits. Some of the more common are:
Section 179 Deduction: This allows businesses to deduct the full purchase price of qualifying equipment financed during the tax year.
Bonus Depreciation: You can depreciate a large percentage of the equipment's cost in the first year.
Interest Expense Deduction: The interest paid on equipment loans is often tax-deductible.
These benefits can make equipment financing an attractive option for managing your business's financial health and growth. Always consult with a tax advisor first to understand the specific tax implications for your business.
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